Archive for December, 2006

Ethanol-driven vehicle under test in Malawi

December 29th, 2006
Ethanol-driven vehicle under test in Malawi

A Malawi project investigating ethanol-based fuels is conducting road tests on an ethanol-propelled vehicle.
Supporters of the project argue that a switch to ethanol fuel would not only benefit the environment but also increase employment in the country’s sugarcane industry and save on foreign exchange spent on fuel imports.
According to Freeman Kalirani, a lead researcher on [...]

Two New Ethanol Plants Planned for Iowa

December 29th, 2006
Two New Ethanol Plants Planned for Iowa

Construction of two new ethanol plants in Iowa will offer area farmers stronger local demand for their corn.
Bill Todorof, chairman of Cedar River Ethanol LLC, and Unity Ethanol LLC, made double announcements Wednesday, Dec. 27 of his companies’ plan to construct two ethanol plants - one in Ottumwa and the second near Ainsworth/Columbus Junction, IA.
Technology [...]

Russia-Belarus Gas Row May Harmonize EU Energy Policy

December 29th, 2006
Russia-Belarus Gas Row May Harmonize EU Energy Policy

A dispute between Belarus and OAO Gazprom that threatens to interrupt gas supplies to the European Union next week may lead to a more integrated EU energy policy and greater diversification of energy sources.
Gazprom changed a June demand that Belarus pays four times more for its gas next year into a request this week [...]

NTPC To Sign MoU For Coal Based Power Project In Sri Lanka

December 29th, 2006
NTPC To Sign MoU For Coal Based Power Project In Sri Lanka

National Thermal Power Corp informed that the company will be signing a Memorandum of Agreement on December 29, 2006 with Government of Sri Lanka and Ceylon Electricity Board for development of a 2X250 MW coal based power project at Trincomalee in Sri Lanka.
The project would be developed through a joint venture company between the company [...]

Westar Energy Delays Selection of Site for Base Load Coal Plant

December 29th, 2006
Westar Energy Delays Selection of Site for Base Load Coal Plant

Westar Energy, Inc. announced that it continues to evaluate potential plans and possible sites for a future base load coal plant, but that it is postponing a decision to allow further study. Earlier the company indicated that it expected to announce a preferred site for a plant by year end. The company cited sharply higher [...]

Environmental groups appeal coal plant ruling

December 29th, 2006
Environmental groups appeal coal plant ruling

Environmental groups have appealed a state board’s approval of the air-quality permit for waste coal-fired power plant.
Wellington Development LLC officials have said the $800 million plant would be fueled by 3.1 million tons of waste coal from piles at abandoned mines in Greene, Fayette and Washington counties. The plant would burn 85 percent waste [...]

Independent Nickel Corp. Closes $2.8 M Flow-Through Financing

December 28th, 2006
Independent Nickel Corp. Closes $2.8 M Flow-Through Financing

Independent Nickel Corp. has closed the non brokered flow-through financing of $2,800,000, announced on December 19, 2006.
The Company paid finder’s fees of $121,835 and issued 348,100 finder’s warrants in respect of the financing. Each finder’s warrant entitles the holder to purchase one common share of the Company at a purchase price of $0.35 for a [...]

Lukoil Sells Astra to Eurasia Drilling Company

December 28th, 2006
Lukoil Sells Astra to Eurasia Drilling Company

Lukoil has sold its 100% share in LUKOIL Shelf Limited and LUKOIL Overseas Orient Limited which owned and operated the Astra jackup to OOO Eurasia Drilling Company.
Transaction price was US$40.3 million.
The Astra is designed for offshore field exploration in the Caspian Sea, and represents a 3-pole platform with the mount height of 66 meters, which [...]