Britain and India have agreed on the text of a deal that will allow British companies to compete to supply nuclear power equipment worth $150 million to India.
With reports circulating that a deal is already in place for the equity divestment of shareholders in National Grid Corporation of the Philippines (NGCP), the prospective parties in the acquisition plan are being cautioned on the cross ownership ban under the power industry reform law.
Huandeng Power International has said that it is trying to raise $1.1 billion through the sale of 800 million Shanghai-traded shares and 400 million Hong Kong-traded shares.
Shanghai ,
Denmark’s Prime Minister, Lars Rasmussen, the new COP President, has spoken of “very fruitful” talks, in which he claimed that the USA and China have indicated the possibility that they might be willing to consider making some concessions in order to achieve some sort of deal that will enable the world leaders in Copenhagen to claim the conference to have been a major triumph.
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The Chinese government has unveiled firm targets for curbing its carbon footprint for the first time, and it confirmed that China will be represented by the Prime Minister, Wen Jiabao at the Copenhagen climate talks.