Over the next five years the company aims to build in Australia a minimum of 2 gigawatt of capacity, Chairman and Managing Director Tulsi Tanti says
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The statement from Adani and Glencore said Adani Ports and Special Economic Zone would purchase the port operator, Abbot Point BulkCoal, pending regulatory approvals
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The two companies will sign an agreement on Wednesday with coal trader Adani Enterprises, which will be building the five million tonne LNG regasification terminal
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India, seeking to hedge against energy security risks as it imports about 80 percent of its oil needs, is building emergency storage in vast underground caverns to hold a total of 36.87 million barrels of crude, enough to cover almost two weeks of demand
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India lost its appeal at the World Trade Organization in a dispute over solar power on Friday, failing to overturn a US complaint that New Delhi had discriminated against importers in the Indian solar power sector
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The August imports from Iran are likely a record although reliable data is available only back to 2001
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The complaint alleges that many states prop up their renewables sector with illegal subsidies and and domestic content requirements
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The growth will be driven by better monsoon rains and an acceleration of economic activity, Minister of Petroleum and Natural Gas Dharmendra Pradhan says
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