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India’s Gail explores buying stake in US LNG export plant

  Bloomberg Gail India Ltd. is looking to buy a stake in a US liquefied natural gas (LNG) export facility amid a wider global effort to secure supply to meet rising fuel demand. The company released an expression of interest to acquire as much as 26% equity in an existing LNG plant or a proposed facility that will be commissioned ...

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World’s largest man-made dam weighs using floating solar panels

  Bloomberg The authorities in charge of the world’s largest man-made lake are considering using floating solar panels to generate power after plummeting water levels deepened power outages in Zambia and Zimbabwe. Adding photovoltaic capacity to the surface of the Kariba Dam the water would supplement more than 2,100 megawatts of hydropower capacity, Munyaradzi Munodawafa, chief executive officer of the ...

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Adani Power scraps coal plant purchase

  Bloomberg Adani Power Ltd. has called off its plan to acquire a coal plant project in central India, as billionaire Gautam Adani looks to rein in spending and rebuild investor confidence in the wake of a bruising short seller report. The Adani Group company and DB Power Ltd. mutually agreed not to proceed with the transaction after a long-stop ...

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