Orsted raises $3 bln for Greater Changhua 2 wind farm
($1 = 29.2360 Taiwan dollars)
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Reuters
3 hours ago
- Reuters
India eases sulphur emission rules for coal power plants, reversing decade-old mandate
NEW DELHI, July 12 (Reuters) - India has reversed a decade-old mandate to install $30 billion worth of clean-air equipment, easing sulphur emission rules for most coal-fired power plants, a government order said. Reuters in December reported the government was reviewing 2015 norms that required nearly 540 coal-based power units to install flue-gas desulphurisation (FGD) systems that remove sulphur from the plants' exhaust gases in phases starting in 2027. The federal environment ministry late on Friday issued a gazette notification that exempted 79% of the coal-fired power plants, outside a 10-km (6 mile) radius of populated and polluted cities, from the 2015 mandate. The mandate to install FGD for another 11% of the plants near populated cities would be taken on a "case-to-case basis," the notification said. The balance of 10% of the coal-fired power plants closer to New Delhi and other cities with a million-plus population will be required to install the desulphurisation equipment by December 2027, according to the new mandate. The notification comes after state-run NTPC ( opens new tab, India's top electricity producer, spent about $4 billion on installing the equipment at about 11% of the power plants, and about 50% of the units either placed orders for the desulphurisation systems or are installing them. The Friday notification did not mention the impact on the competitiveness or recovery of costs by these power plants. It said the decision was taken after the Central Pollution Control Board carried out a detailed analysis of the increase in "carbon dioxide emission into the atmosphere due to operation of control measures being deployed."
The Herald Scotland
7 hours ago
- The Herald Scotland
NVIDIA CEO says U.S. companies will 'survive' Trump tariffs
Huang leads advanced chip-maker NVIDIA, which this week became the first company to reach a stock market value of $4 trillion, making it worth more than better-know tech rivals like Apple and Microsoft. He met with Trump at the White House on July 10 where, he said, the president was jubilant over NVIDIA's milestone. More: Trump threatens 35% tariff for Canada amid flurry of letters threatening hikes As Trump negotiates with China and other top trading partners, Huang's business sits dead center at the intersection of potentially costly United States tariffs, a boom in artificial intelligence - and the computer chips that power it. The California-based company makes advanced chips, which are then mass-produced by companies like the Taiwan-based TSMC that would be heavily affected by a possible Trump tariff on semiconductor imports. But Huang showed no signs of panic. Tariffs, taxes and all kinds of rules and regulations were in place long before he founded NVIDIA, said Huang. And if Trump moves ahead with steep semiconductor tariffs, it will be no different. More: Trump wants more factory jobs in the US. But is there anyone to hire? "Every single year there were rules and taxes and tariffs and policies and regulations, and we survived," Huang said. "I have every confidence that the world is going to survive this, companies will survive this and whatever it turns out to be, we'll make the best of it." NVIDIA became the first publicly-traded company to reach a $4 trillion market value this week. It has gained 22% in value this year alone during an artificial intelligence boom. Huang's own net worth, which Forbes estimates to be $143.6 billion, makes him one of the richest men in the world. Huang's July 10 meeting with Trump was his fifth in almost as many months, and he sat down with Treasury Secretary Scott Bessent the next day. More: Is that product really made in the USA? FTC cracks down on deceptive claims In an interview with USA TODAY on July 11, Huang said he "absolutely" believes America needs to produce more semiconductors. "Absolutely. I believe President Trump's vision, his bold vision to manufacture in the United States, it's great for our industries, it's great for our society," he said. Trade wars: Trump keeps pushing on trade with tariff on copper imports; pharmaceuticals are next Huang, who was born in Taiwan and educated in the U.S., said that while manufacturing has economic and national security benefits - it also has health and social benefits. "We've lost a lot of manufacturing capability and skills, which is really great for skilled craft and people that work with their hands and build things. We want to celebrate that. We want to bring that back to the United States. It's very important to national security, industrial security, supply chain resilience," he said. Trump referenced NVIDIA's record stock price on social media in a July 10 post promoting his tariffs ahead of his meeting with Huang. Huang told USA TODAY that Trump said in their meeting that he was proud of the valuation. "He spent a lot of time congratulating me and telling everybody all around him what a great achievement it was," Huang said. They also discussed ways to help American tech companies maintain their competitive edge in the transition to AI and ways to bring skilled manufacturing back to America. He said NVIDIA is making supercomputers in Texas and packaging them in Arizona. Huang will be in China next week. He said he talked to Trump about the trip but they did not discuss trade negotiations between the two countries and did not know when a final agreement could come to fruition.
Reuters
7 hours ago
- Reuters
China's Chery denies allegations of fraudulent subsidy declarations
SHANGHAI, July 12 (Reuters) - China's Chery ( denied that it improperly claimed government subsidies for eco-friendly vehicles, according to a statement the automaker posted on Saturday. An audit by the Ministry of Industry and Information Technology disqualified declarations by Chery and BYD for a combined $53 million in government subsidies for thousands of eco-friendly vehicles sold in the five years to 2020, accounting for nearly 60% of such improper claims. Chery said it had previously consulted the authorities about the challenges of missing receipts because the cars were sold more than five years ago but the government still advised Chery to declare the cars. "Our company has truthfully reported to the authorities our failure to collect certificates for end sales; there's no fraudulent act," Chery said in the statement.
