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India aims to reduce high electricity transmission and distribution system losses

(Thu, 22 Oct 2015) Despite considerable improvement since the turn of the century, India has one of the highest levels of electricity transmission and distribution (T&D) losses in the world. T&D losses represent electricity that is generated but does not reach intended customers. India's T&D losses are almost 20% of generation, more than twice the world average and nearly three times as large as T&D losses in the United States.

Australia defers decision on Shell's BG bid by a week to Nov 19

MELBOURNE, Oct 22 (Reuters) - Australia's competition watchdog said it has postponed a final decision on Royal Dutch Shell's $70 billion takeover of BG Group by a week to November 19, following an earlier deferral in September.

Brazil gives SBM ultimatum in $250 mln bribery settlement

BRASILIA, Oct 22 (Reuters) - Brazil has told Dutch SBM Offshore NV, the world's top oil production ship leaser, to agree soon to a $250 bribery settlement if it wants to regain its biggest client in the world's largest oilship market, a government source told Reuters.

UPDATE 1-Cuba says to drill for oil in deep water despite low prices

CAMARIOCA, Cuba, Oct 21 (Reuters) - Cuba plans to drill exploratory deepwater wells in the Gulf of Mexico by the end of 2016 or beginning of 2017 despite current low oil prices, officials from the state oil monopoly said.

Rio Tinto gets preliminary nod to expand Australian coal mine

SYDNEY, Oct 22 (Reuters) - Rio Tinto on Thursday came a step closer to gaining approval to expand its Warkworth coal mine in Australia after an influential panel recommended the work proceed, against the wishes of environmental and community groups.

UPDATE 2-Australia's Santos rejects $5.1 bln sovereign wealth-backed bid

* Santos shares jump 20 pct, but well below offer (Adds investor, Scepter comment)

Apple to build more solar projects in China, green its suppliers

WASHINGTON/SAN FRANCISCO, Oct 21 (Reuters) - Apple announced Wednesday it will build 200 megawatts of solar energy projects in China and work with local suppliers to source more renewable energy, its latest moves to green its Chinese supply chain amid criticism that its local partners are heavy polluters.

CORRECTED-Cuba says to drill for oil in deep water despite low prices

CAMARIOCA, Cuba, Oct 21 (Reuters) - Cuba plans to drill exploratory deepwater wells in the Gulf of Mexico by the end of 2016 or beginning of 2017 despite current low oil prices, officials from the state oil monopoly said.

UPDATE 1-Australia's Santos rejects $5.1 bln sovereign wealth-backed bid

* Scepter backed by Brunei, UAE royal families (Adds Santos comments, Scepter detail)

Firms question how carbon levy will fund California rail project

SAN FRANCISCO, Oct 21 (Reuters) - Private firms looking to build California's $68 billion high-speed train system have concerns about the state's ability to finance some of the project's cost through an untested 'cap-and-trade' carbon trading levy.

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