Friday August 04, 2006

Coal to fuel India's economic growth

peakoil.com -> timesofindia.indiatimes.com :

India is on the threshold of announcing several key bilateral agreements in coal sector, aimed to set off strategic public-private partnerships with global firms. The trigger: With oil prices hitting new highs, coal as a cheap and abundant source of energy is back in favour.

Sources in the coal ministry point to strong incentives. Global crude prices are currently at $75 a barrel, while the coal equivalent through coal liquification techniques, works out to just $50 a barrel. No surprise then, that India is pitching for a strong position in clean coal technologies to enhance its use as a dominant energy source.

See also :

1. Coal : keeping the lights on in America
2. GTL and LNG in Qatar

(2006-08-04 08:31:02 SGT) [Energy] Permalink

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