New Delhi / Bloomberg India may shut two of its oldest reactors almost five decades after they went into operation as power tariffs aren’t keeping pace with maintenance costs, according to Sekhar Basu, secretary at the Department of Atomic Energy. The first two reactors at Tarapur, about 100 kilometers from Mumbai at India’s western coast, suffer frequent maintenance shutdowns that ...

Beijing / Bloomberg China plans to set up a commercial rocket-launch company in view of the market’s potential, the official Xinhua news agency reported. China Sanjiang Space Group Co. is preparing to enter the commercial-rocket business with a launch slated for 2017, Xinhua reported Tuesday, citing the company’s chief engineer Hu Shengyun. Some Internet companies have expressed interest in collaborating ...

Beijing / AP A Chinese company says it will resume construction work on a $1.5 billion port city project that was suspended for one year due to questions over environmental impact. CHEC Port City Colombo issued a statement Tuesday welcoming the Sri Lankan government’s decision to allow the project to resume. It said a supplementary environmental impact study was done ...