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China to build two nuclear reactors in Pakistan: reportBeijing (AFP) April 29, 2010 China has agreed to build two new civilian nuclear reactors in Pakistan, a report said Thursday, amid persistent concerns about the safety of nuclear materials in the restive south Asian state. Chinese companies will build at least two new 650-megawatt reactors at Chashma in Punjab province, the Financial Times said. China began building a reactor at Chashma in 1991 and broke ground on a second one in 2005, which is expected to be completed next year, it said. A statement posted on the websi ... read more |
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CSIRO Building Largest Tower Of Solar Power
Newcastle, Australia (SPX) Apr 30, 2010In a major step forward for Australian research into solar energy, CSIRO is building the largest solar-power tower of its type in the world at the National Solar Energy Centre in Newcastle. The site will consist of around 450 mirrors (heliostats) that will direct solar heat onto a 30m-high tower to produce super-heated compressed air for a Brayton Cycle turbine. "The new technology w ... more Sadr: Renegotiate 'illegal' Iraq oil deals
Baghdad (UPI) Apr 28, 2010 The political bloc led by firebrand cleric Moqtada al-Sadr, who will likely decide who will govern in the wake of inconclusive March elections, has demanded that "illegal" contracts signed with foreign oil companies in 2009 be negotiated. If he has his way, and that's a distinct possibility given his current kingmaker status, it could jeopardize Iraq's ambitious reconstruction plans and ... more Automakers go 'green' in Beijing
Beijing (AFP) April 28, 2010Dozens of carmakers are showing off "green" vehicles at the Beijing Auto Show as they position themselves for a hoped-for alternative-energy boom in the world's biggest auto market. SAIC Motor Corporation, China's biggest car maker in terms of sales, unveiled its E1 electric car at the week-long show, where nearly 1,000 vehicles are on display - mostly gas-guzzlers, but also 95 hybrid and e ... more |
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IMF warns Asian economies of overheating risksShanghai (AFP) April 29, 2010 The International Monetary Fund warned Thursday that Asian economies were at risk of overheating as strong capital inflows fan inflationary pressures and raise the risk of damaging bubbles. The IMF urged regional leaders to return to "more normal" monetary policies after the global financial crisis, and increase the flexibility of their exchange rates to counter speculative funds flowing into their economies. "For China, like in other economies in the region, the risk is to ensure that the boom ... read more |
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