first_img FacebookTwitterLinkedInEmailPrint分享Live Mint:NTPC Ltd will help Mali develop a 500 MW solar power park, a statement by the state-owned power generator said Wednesday. India’s largest power generation utility has been awarded the project management consultancy contract by the West African nation, making it the second country after Togo to do so.This comes in the backdrop of Indian state-owned firms including Solar Energy Corporation of India’s plan to land overseas business under the aegis of International Solar Alliance (ISA), as China continues to co-opt countries into its ambitious One Belt One Road initiative.According to information reviewed by Mint, of the 500 MW solar park capacity, 450 MW will be connected to Mali’s national power grid.With an installed capacity of 62 GW, NTPC is targeting similar contracts to help set up 10 giga watt (GW) capacity in ISA member countries, NTPC said in the statement. NTPC accounts for nearly a fifth of India’s installed power generation capacity of 370 GW.ISA is the first treaty-based international government organization headquartered in India and is increasingly being viewed as a foreign policy tool. Its strategy is to leverage the demand from the member countries to reduce costs by aggregating the demand from member nations and then call for tenders. It has aggregated demand for solar pumps, rooftops, mini-grids, parks and home systems that require around $5 billion of financing requirement.“Solar parks are being showcased as a best practice from India which had started solar parks as a novel concept and has commissioned a number of projects, thus bringing down cost of solar energy substantially, bringing in investment, creating employment and benefitting the environment in the process,” the statement said.[Utpal Bhaskar]More: NTPC to help Mali develop 500 MW solar park India’s NTPC tapped to help Mali develop 500MW solar parklast_img read more

first_imgFinance Minister Sri Mulyani has said that the country’s economic recovery from the COVID-19 pandemic will depend on the fiscal stimulus package and on economic reforms brought about by the omnibus bills.While the government’s virus handling measures would remain a key determinant of economic activity, the minister said, the economy could recover from the pandemic if the stimulus succeeded in stimulating demand and encouraging production.“We want to make sure that the economy recovers by combining fiscal support with reforms to the investment climate,” Sri Mulyani said at an online seminar hosted by the Asian Development Bank (ADB). “The omnibus bill on job creation will overhaul Indonesia’s investment policy to attract investment and build confidence.” ADB president Masatsugu Asakawa said the bank was ready to assist member countries, including Indonesia, if the outbreak continued, adding that the bank had prepared $20 billion for countries to fight the pandemic.“We estimate that the economic losses from the pandemic could be as high as 8.25 percent of regional GDP in developing Asia,” he said, which would mark the first regional contraction in 60 years. “We stress that if the third wave of the pandemic hits members, the ADB stands ready to provide further assistance.”The ADB expects the Indonesian economy to shrink by 1 percent in 2020, a revision down from the ADB’s previous projection of 2.5 percent growth and one largely in line with the government’s prediction.In the forum, attended by several Asian finance ministers and central bank governors, Sri Mulyani urged stronger global cooperation to develop a COVID-19 vaccine and rebuild the global economy, saying the future of globalization was “not encouraging”.“Although we recognize that this crisis is borderless, the response at the global level is lagging behind […] We all need each other so that there will be a global solution,” she said.Japan’s central bank governor Haruhiko Kuroda said during the discussion that globalization would be sustained and supply chains would be diversified as firms adjusted to the pandemic’s disruption, adding that resorting to protectionism was not the answer and that regional financial cooperation would provide a safety net to weather future economic shocks.Topics : Indonesia’s economy shrank by 5.32 percent in the second quarter and is widely expected to enter a recession in the third quarter, the first since the 1998 Asian financial crisis, as officials spur government spending to deal with the pandemic’s economic fallout.The government has spent about 36 percent of the Rp 695.2 trillion (US$47.19 billion) stimulus package to boost economic growth, but analysts say the stimulus has been ineffective because disbursement has remained slow, even six months into the outbreak.The government hopes the omnibus bill on job creation, which is expected to be passed into law later this year by the House of Representatives, will be able to cut red tape, improve the country’s competitiveness and attract foreign investment to support economic growth and create jobs, despite significant controversies surrounding the bill.Indonesia is formulating an additional omnibus bill to develop and strengthen the country’s financial industry, said the Finance Ministry’s Fiscal Policy Agency head, Febrio Kacaribu, as reported by Reuters. The bill is expected to shape the financial industry “to be more adaptive and responsive to vast developments in technology and business practices”, he added.last_img read more

first_imgOA won 4-1 over Trinity Lutheran.1 singles: Sarah Price won 6-2,6-1.2 singles: Carsen Thompson won 6-1, 6-1.3 singles:Claire Hollingsworth won 6-1, 6-1.1 doubles: Meagan Flannery/Samantha Sheets lost 6-4, 6-2.2 doubles: Gigi Dreyer/Alexa Miles won 6-4,6-3.JV winners: Bella Monroe.Coaches comment: ‘This was a good match to give some of our younger players a chance to play in a varsity match — all freshman and sophomore players. I thought they played well and are continuing to improve.’  Twisters Coach Mark Wilder.OA Record: 6-2.  Next match vs. Milan (4-20).last_img