Search Results for: Russia

BY EUGENE VOROTNIKOV

RUSSIAN businesses could return to widespread borrowing from criminal sources in any repeat of the 2008-09 recession and credit crunch, the country’s financial watchdog has warned as continuing global turmoil hits interbank lending.

"We are facing a situation where criminal capital is increasingly being used for lending to business, thereby replacing the legal banking sector," said Yury Chikhanchin, head of the federal financial monitoring Service, Rosfinmonitoring.…

BY MARIANNE BROWN and KEITH NUTHALL

A CHINK of light in the gloom spread over the nuclear industry by Japan’s Fukushima nuclear disaster can be seen to the south, where south-east Asian governments seem keen to push ahead with their nuclear expansion plans regardless.…

BY KEITH NUTHALL

THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is making its first major investment in the eastern Europe district heating sector. It is buying Euro EUR100 million’s worth of shares issued by Dalkia Eastern Europe, owned by Paris-based energy firm Dalkia, to help modernise Russia and Ukraine’s district heating sector in Russia, while boosting energy efficiency in Lithuania.…

BY KEITH NUTHALL, MARK ROWE, GERARD O’DWYER, ALAN OSBORN and MJ DESCHAMPS

COGENERATION has been something of a test-bed for European Union (EU) energy development policy, and like any experiment, some things have worked and others have not. Also, because other energy priorities have become the subject of more effective legislation recently, cogeneration has been left behind to some extent in the EU’s push for a cleaner, greener, sustainable and more liberal energy sector.…

BY LEE ADENDORFF, MARK ROWE, ALAN OSBORN, KATHERINE DUNN, MARTINA MARECKOVA, GERARD O’DWYER and MINDY RAN

The Winter Olympics have proven to be something of a catalyst for funding and investment in co-generation in provincial Russia – right down to the 2014 venue itself: the Black Sea resort in the city of Sochi.…

BY MARK ROWE

SUPERFICIALLY at least, it sounds like an unlikely scenario: Russia, the 21st century’s face of fossil fuel sources, now wants to go green. The Russian Energy Agency last spring signed an agreement committing itself to help the country improve energy efficiency in industry and housing; develop a renewable energy market; and – the end goal – reduce greenhouse gas emissions.…

BY RAGHAVENDRA VERMA

INDIA’S textiles ministry’s top official Rita Menon has predicted at a conference of Indian clothing exporters the country’s garment exports would rise to US dollars USD14 billion for the year to March 2012, 26% higher than the previous year.…

BY WANG FANGQING, MINI PANT ZACHARIAH, PACIFICA GODDARD and MARK ROWE

WITH average incomes in the world’s emerging markets starting to approach western levels – at least in major urban areas – drinks companies are catering to increasingly expensive and refined tastes.…

BY MARK ROWE

CO-GENERATION (or combined-heat and power – CHP) plants operate using a variety of technologies: gas turbines, fuel cells, Stirling engines, gas or diesel engines and combined cycle gas turbines. According to the Joint Research Centre (JRC) – the European Union’s (EU) scientific and technical research body – natural gas is currently the preferred fuel across Europe for co-gen, with combined cycle gas turbine (CCGT) and gas turbine plants expected to become the predominant future technology for large-scale units.…

BY LEE ADENDORFF, MARK ROWE, ALAN OSBORN, KATHERINE DUNN, MARTINA MARECKOVA, GERARD O’DWYER and MINDY RAN

EUROPE is perhaps the world’s most diverse continent, culturally, socially and economically, and so it is maybe little surprise that its successful co-generation projects are extremely varied.…