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India's coal industry in flux as government sets ambitious coal production targets

(Tue, 25 Aug 2015) Coal consumption in India, particularly in the electric power sector, is outpacing India's domestic production. From 2005 to 2012, India's coal production grew by only 4.7% per year to about 600 million metric tons while the country's coal-fired electric power capacity grew by a much faster rate, reaching 150 gigawatts. To help resolve the shortfall in coal supply, India has set a coal production target of 1.5 billion metric tons by 2020.

UPDATE 1-Oil Search eyeing acquisitions in PNG

* Shares steady despite oil price drop (Adds CEO comments, results)

Tech challenges, severed contracts cloud Hanergy's outlook

* HTF in need of new clients after severing links with parent

UPDATE 1-Back from golf course, Obama tees up renewable energy, Iran

WASHINGTON, Aug 24 (Reuters) - President Barack Obama, fresh from vacation and nine rounds of golf in Martha's Vineyard, launched into a busy two weeks promoting renewable energy and his nuclear deal with Iran.

Global economy not at risk of recession despite China weakness -Goldman

SINGAPORE, Aug 25 (Reuters) - The global economy is not at a risk of a recession in spite of recent concerns over China's economy and weakness in commodity prices, Goldman Sachs said, although it lowered its short-term outlook for global stock markets.

UPDATE 2-Oil claws back some losses but remains at 2009 levels over Asian economic woes

* HSBC says more trouble ahead, but no repeat of 1997 Asian crisis (Adds HSBC macro comment, updates prices)

Oil prices steady but near recent lows as Asian stocks resume slide

SINGAPORE, Aug 25 (Reuters) - Crude oil markets edged up but remained near 6-1/2-year lows on Tuesday, following a session that saw prices fall as much as 6 percent after a Chinese equities rout sent global markets into a tailspin.

UPDATE 3-Obama aims to boost homeowner renewable energy use

LAS VEGAS, Aug 24 (Reuters) - President Barack Obama on Monday expanded his push for greater renewable energy adoption, announcing fresh financial incentives for solar power development and use.

Aecom to provide construction services for Great Plains Synfuels plant in US

Dakota Gasification Company (Dakota Gas) has selecte Aecom (ACM) to provide construction services at the company’s Great Plains Synfuels plant in Beulah, North Dakota, US.

Indian Government divests 10% stake in Indian Oil for $1.4bn

The Indian Government has sold 10% of its stake in the state-owned Indian Oil (IOC) for Rs93.79bn ($1.4bn).

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