‘Tepid Demand’ Contributes to Over-Capacity of Coal-Fired Power Plants in India

first_img‘Tepid Demand’ Contributes to Over-Capacity of Coal-Fired Power Plants in India FacebookTwitterLinkedInEmailPrint分享Bloomberg: India is adding the least amount of coal-fired power in more than a decade as tepid demand from indebted state retailers fails to utilize the nation’s existing generation capacity.Coal-fired capacity, which accounts for more than three quarters of the nation’s electricity, rose by 809 megawatts during the April-November period, according to Bloomberg calculations based on the latest available data from the Central Electricity Authority, the planning wing of the power ministry. That’s the slowest pace since 680 megawatts was added during the same eight-month stretch in 2006.Power producers have canceled some coal-fired projects as existing plants fail to sell all the electricity they can produce. Nearly 40 percent of the country’s coal-based capacity is unused because the core customers — state-managed distribution companies — struggle to increase purchases in the face of massive debts and losses through electricity theft, insufficient metering and selling power below cost.The inability of state distributors to utilize existing plants leaves India with a glut of capacity while still nearly 300 million Indians, mostly rural, remain without access to electricity. Prime Minister Narendra Modi’s administration, which came to power in 2014 promising electricity for all, has launched ambitious programs to bring electricity to every household by December 2018.“Financially, the distribution companies are still not out of the woods and there isn’t enough demand to use up all the power capacity,” said Debasish Mishra, a partner at Deloitte Touche Tohmatsu LLP in Mumbai.  “Net capacity additions for coal may fall even lower in coming years as some of the older plants get phased out.”A rapid increase in renewable power on the back of Modi’s pledge to provide clean energy is exacerbating the glut. During April-November, the country added 4.8 gigawatt of renewable capacity, according to the Ministry of New and Renewable Energy. That’s almost sixfold the additions for coal.More: Coal Power Pace Slows in India as Glut Leaves Plants Unusedlast_img read more

Reality Check 2016: All the issues you need to know about in one place

first_img 31SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Are you tired of going to credit union conferences that revolve around famous speakers and rah, rah, go team motivational sessions, but don’t have enough hard-hitting sessions on the real world challenges credit unions are facing? It’s time to wake up to the credit union conference that is designed around productive, interactive education that is designed to make you and your credit union better, not to make you feel warm and fuzzy.Credit Union Reality Check has grown every year for one simple reason: attendees get to learn about some of the most pressing issues facing credit unions and get real-world views on how to tackle these issues.Credit Union Reality Check is also about interaction and idea generation. All attendees interact through a remote transponder to give live feedback on key speaker questions and topics. That live feedback can take the session in any direction. In many ways, the attendees are in control.We urge you not to miss out on this great opportunity to get a true educational experience that is focused on credit unions’ real-world challenges. continue reading »last_img read more

What ‘due diligence’ in benefits investing means

first_imgThe first step in exercising due diligence is learning exactly what “due diligence” means. When it comes to meeting the National Credit Union Association requirements for investing money to fund credit union employee/executive benefits obligations, the online NCUA Examiner’s Guide is the place to start.If you already use investments for funding certain employee/executive benefits, studying the information that NCUA examiners use should help you prepare for examinations and audits.If you don’t currently use these types of investments, this guide can be a resource to help you start a solid investment program that can be used to offset some of the growing costs for employee benefits and supplemental executive benefit plans. 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Some Indonesians try to ward off COVID-19 with talismans, rituals

first_imgVillagers in Wajak Kidul hamlet, which is located some 10 kilometers from Tulungagung regency, East Java, have placed homemade masks around their homes as they believe the objects can protect them from the COVID-19 pandemic.The villagers call the masks, which are made of coconut palm fronds and have a human likeness drawn on them, tetek melek. They put them above the doors and windows of their homes, hoping that the deadly disease will stay away.”Every time we turn on the television, we watch news about the coronavirus. Everyone here talks about the virus every day,” said Supani, a 80-year-old farmer in Wajak Kidul.  The outbreak, he added, reminded him of several pandemics that hit the hamlet decades ago, when he was a boy. One of the pandemics was a skin disease known locally as pageblug.”During pageblug, my grandfather told villagers to make tetek melek masks and place them around the house,” he said. Yasmini, a Wajak Kidul villager in Tulungagung, East Java, looks at a ‘tetek melek’ mask fastened on the outer wall of her home. Some villagers put the masks around their houses in an effort to ward off the coronavirus. (JP /Asip Hasani)On Wednesday after working in his rice field, Supani took some dried coconut fronds that had fallen to the ground and cut them into three pieces of about a meter each.  Using liquid whitewash, or kapur, he coated the fronds before drawing human faces on them with charcoal. “When we start drawing that human face we must be spiritually clean,” he said. Supani’s method was soon followed by other residents in his neighborhood. Now, dozens of houses in Wajak Kidul are decorated with tetek melek.Wajak Kidul villagers have reason to worry about their safety.In February, a migrant worker who had recently arrived to her home village of Tulungagung from Taiwan, began to experience symptoms consistent with COVID-19. She died several days after being admitted to Iskak General Hospital but the authorities declared her negative for the coronavirus. Nevertheless, there are at least four suspected COVID-19 patients in Iskak General Hospital at the moment. Hundreds of others in Tulungagung and its neighboring regencies have been put under surveillance for COVID-19. East Java Governor Khofifah Indar Parawansa declared a state of emergency in COVID-19 outbreak mitigation following the spread of the virus in 34 of the province’s 39 regencies and cities.  In West Kalimantan, some Dayak communities have conducted traditional rituals to ward off the coronavirus.A Dayak Kanayatn resident, Kusnadi Isim, told The Jakarta Post that the tolak bala ritual to drive evil spirits away was usually held in sacred places called panyugu or pantak. “The ritual includes washing away sesajen [offerings] that are put on a small boat,” Kusnadi said, adding that people had been prohibited to leave their homes sometime after the ritual.At least 1,421 West Kalimantan residents had been put under surveillance as of Monday. Twenty one people are in isolation at referral hospitals as patients under surveillance (PDP). Two have been confirmed positive for COVID-19 and one of the PDP died on Saturday. (vny)Topics :last_img read more

S. Korea holds parliamentary election under strict safety measures amid pandemic

first_imgThe election is set to decide control of parliament and shape President Moon Jae-in’s ability to push through his agenda in the final two years of his administration, including looser fiscal policy aimed at creating jobs, raising the minimum wage, and continued re-engagement with North Korea.Globally, South Korea was one of the first countries to hold a national election since the coronavirus epidemic began, while many others postponed votes.”I had worries as the election was not delayed, but having come here and seen for myself, I felt it’s good we did vote as planned, and people are taking greater caution about distancing and restraining themselves even more,” Choi Sun-hwa, 56, told Reuters outside a polling station in Hongje-dong, central Seoul.Once grappling with the first large outbreak outside China, South Korea has largely managed to bring its cases under control without major disruptions thanks to a massive testing campaign and intensive contact tracing. South Koreans began going to the polls on Wednesday to elect members of parliament, wearing masks and plastic gloves as part of strict safety measures in one of the first national elections held amid the coronavirus pandemic.About 14,000 polling stations were open at 6 a.m. (0900 GMT) around the country after disinfection, and voters were required to wear a mask and have a temperature check upon arrival. Anyone whose temperature was higher than 37.5 Celsius (99.5 Fahrenheit) was led to a special booth.All voters must use hand sanitizer and plastic gloves when casting ballots and maintain 1 meter distance between each other. The Korea Centers for Disease Control and Prevention reported 27 new coronavirus cases on Tuesday, bringing the total infections to 10,564. The daily tally has hovered around 30 over the past week, most of them from overseas travellers.But authorities have warned that infections could resurge at any times, calling for special caution on Election Day.As of 9 a.m. (1200 GMT), voter turnout was 8%, about 0.9% points higher than in the last parliamentary election in 2016, according to the National Election Commission. That excludes nearly 27% of the 44 million registered voters who took part in early voting last weekend.Among them were about 2,800 coronavirus patients, for whom the NEC allowed voting by mail and set up special polling stations for early voting.More than 13,000 in self-quarantine have signed up to vote and will be allowed to do so after other voters leave at 6 p.m. (2100 GMT)The election campaign has taken on a different look, with candidates wearing masks and bumping fists instead of pressing the flesh and mass rallies.center_img Topics :last_img read more

The rules every Premier League player must follow when they return to training

first_imgPremier League clubs are starting to reopen their training grounds (Getty Images)Premier League players will be told to wear masks at all times while spitting and tackling will be prohibited as part of new guidelines for clubs to follow during their training sessions.The aim is to resume the English top flight on June 8 but the Premier League’s ‘Project Restart’ plan has already faced widespread opposition.Arsenal, Tottenham, Brighton and West Ham have allowed players to return to their training grounds this week, but some clubs, including Manchester United, have no imminent plans to reopen their facilities.Premier League clubs are due to meet on Friday to discuss plans to resume the season in June.AdvertisementAdvertisementADVERTISEMENTAnd according to documents seen by the Daily Express, the Premier League has already provided guidelines for players and clubs to follow when they resume training.Initially, players will only be allowed to work in groups of five or smaller, while physical contact including tackling and close-proximity drills are banned. Spitting is also prohibited while all equipment used during training sessions, including balls and cones, will be disinfected before and after use.Sessions will last 75 minutes in total with 15 minutes of recovery time, and players will be given 15 minutes to prepare.Players will unable to receive massages unless it is approved by the club doctor. Metro Sport ReporterThursday 30 Apr 2020 9:56 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link540Shares The rules every Premier League player must follow when they return to training Arsenal’s players returned to their training ground this week (Sky News) GUIDELINES FOR EVERY PREMIER LEAGUE CLUB Every player to be tested for Covid-19 but also potential respiratory problems associated with the virusAll footballs, GPS units, cones, corner flags, goalposts and other equipment to be disinfected before and after use by staff wearing PPEPlayers to wear masks at all timesPlayers and staff will be banned from spittingCars to be parked three spaces apartNo massages unless approved by a club doctorFluids to be left at a designated pick up pointOnly visit training block to use the toiletOnly five players per training groupTackling and close-contact training drills are prohibitedPlayers to be given designated time slots: 15 minutes to prepare, 75 minutes of small group training, 15 minutes recoverycenter_img Advertisement Arsenal’s players observed strict social distancing measures at their training ground (Sky News)The dressing rooms are also out of bounds unless a player wants to use the toilet.In their documents, the Premier League has stressed to clubs that social-distancing measures must be observed at all times and advice will continually be updated in accordance to Government guidelines.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityIt’s understood that players from several different Premier League clubs are against the idea of football returning during the coronavirus pandemic and have raised concerns over their safety if matches are allowed to take place.Meanwhile, Britain’s most senior police officer has warned that football will be cancelled if fans attempt to congregate outside stadiums and contravene social distancing guidelines.Follow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page. Advertisement Commentlast_img read more

Consultants criticise liability extension in PPF levy consultation [amended]

first_imgThe use of these structures can potential reduce the liability burden of a scheme entering the PPF, thus reducing the levy.In October, the PPF launched its final consultation on changes to the PPF levy formula, as new insolvency-risk score provider Experian takes over from 2015.The Association of Consulting Actuaries (ACA) said it was concerned by the consultation and surprised by the lifeboat fund’s attempt to extend the legal duty of care.“We would prefer to maintain the existing chain of accountability through the trustees,” the organisation said.“As a minimum, the maximum extent of any liability would need to be made clear. Typically, there is a liability cap in the agreement between advisers and trustees. It would not seem appropriate for advisers to have an uncapped liability to the PPF.”Towers Watson, a consultancy, also raised concerns about the PPF’s move. Joanne Shepard, senior consultant at the firm, said it could potentially undo a lot of good work.“Extending each adviser’s liability is unnecessary – there is already a duty of care and liability to the trustees [whose role the PPF assumes on insolvency] or sponsor,” she said.“Subject to legal opinion, extending each adviser’s duty of care to the PPF may not always be unachievable – in which case, perfectly good assets would not be recognised for levy purposes.”Aon Hewitt called on the PPF to clarify its stance on the extension.“Will the accounts value of an ABC be subject to scrutiny by the PPF, with any attaching advice needing to be explicitly relied on by the PPF Board, despite this being an audited figure?” it asked.The ACA also raised concerns over new provider Experian’s ability to interpret a sponsor company’s annual accounts.It said where companies had not clearly defined ‘capital employed’ or ‘current liabilities’, Experian could not calculate figures, and thus set them as zero and skew the scoring.The ACA called for Experian to be allowed to use its judgement to approximate data items set by the PPF’s criteria.This is the lifeboat fund’s final consultation before Experian takes over from Dun & Bradstreet (D&B) for the 2015-16 levy calculation.The move to Experian has been beset by delays, as the lifeboat fund wanted to create a bespoke insolvency risk score after significant complications with D&B in its eight-year relationship.This article originally and mistakenly said the PPF could provide transitional arrangements for levy-payers buyt his has since been ruled out by the fund. Apologies for any inconvenience. Consultants have dismissed attempts by the UK’s lifeboat fund to extend a duty of care on services provided to schemes operating asset-backed contribution (ABC) products.Wording in the latest Pension Protection Fund (PPF) consultation caused concern among advisers as ABC structures would require independent valuation recognising a legal duty of care to the PPF.This would have to be provided by the advisory community and places additional legal strain on those providing services to schemes.ABC structures involve sponsors giving schemes legal claim over an asset that provides income streams in return for a reduction in deficit contributions.last_img read more

East Central FFA scores top finishes in livestock competition

first_imgPhoto L to R: Brady Hornberger, Vince Weiler, Jacob Kuhn, Heath Doll, Bailey Grunkemeyer, Jared Callahan, Bradley Kolb, Evan Kuhn, Alex Kuhn.St. Leon, In. — Area 1 Livestock Judging CDE was held at the Decatur County Fairgrounds. The FFA chapter from East Central High School had two teams and one individual in the competition.The contest consisted of various classes of animals that the participants had to evaluate, and then give oral reasons for certain classes.East Central’s top team placed 5th and will move on to the state competition. The team consisted of Bailey Grunkemeyer, Jared Callahan, Jacob Kuhn, and Heath Doll. Bailey Grunkemeyer was also the top member placing 1st.last_img read more

Joshua shows off lean physique in training

first_imgRelatedPosts Usyk postpones heavyweight debut Joshua: I’m now a ‘different animal’  Joshua recruits Takam as sparring partner Anthony Joshua looks to have slimmed down ahead of his rematch with Andy Ruiz Jr.The British heavyweight star lost his three world titles to the chubby underdog in June in one of sport’s biggest-ever shocks.Joshua instantly triggered the rematch clause in his contract and will bid to wrestle back his belts in Saudi Arabia on December 7.The 2012 Olympic champion has kept himself to himself during his training camp and given little away ahead of the biggest fight of his career.But these pictures suggest Joshua will weigh considerably less than the 247.5lb he scaled before his first fight with Ruiz.That was the heaviest he had been since he fought Carlos Takam in Cardiff in 2018.Should that be Joshua’s plan, however, Ruiz believes his rival is making a mistake.“He looks a little slimmer, but I don’t think that’s going to do any different,” he said recently.“You can do whatever you want outside of the ring, but inside of the ring when it’s fight time, like Mike Tyson said, everyone has a plan until you get hit.“He’s going to try and win by points, especially since he’s going to be running around. My job is to cut the ring, and that’s exactly what we’ve been training for.“I don’t really worry about what he’s doing, we have to worry about what we’re doing.“He has tyo train hard,; I feel that he has more pressure than I do. I just have to do what I have to do, and just let my hands go and focus.“He even said at one of the press conferences, he said that he was gonna be boxing around. He kind of told me his strategy, but whatever he does we’re gonna do the best we can to do our thing.“I think the main thing I’ve got to do is just let my hands go and throw my combinations.”Ruiz was criticised for his own appearance before taking on Joshua but defied the critics to drop the Brit four times before stopping him in the seventh round.But the Mexican-American intends to drop some weight before the sequel.“I kind of wanted to be a little heavier because Anthony Joshua’s big,” he added. “I wanted to carry his weight, take the punches well but I think being 10lbs lighter, I’m going to be a better fighter.” Tags: Carlos Takamlast_img read more

Downey: History can boost us

first_img “The tradition and history is there, and it’s what the club is renowned for,” Munster centre Downey said. “The players come into the club knowing that – they know about Munster from the Heineken Cup.” Munster won the tournament in 2006 and 2008, while they were also runners-up on two occasions, but Downey added: “You want to create your own legacy as well. “It is a young team coming through and they want to make their own stamp now. They’d like to have their own bit of history. “The lads put their heads down and really pick things up in a Heineken Cup week. It’s a competition where we do produce big performances. “The (RaboDirect) PRO12 is your bread and butter and it’s what you do day in and day out, but the big crowds and the big games are always in the Heineken. “It is the hype you get that you wouldn’t normally get in the Rabo. The Heineken Cup is the Champions League (of rugby) and you want to be playing there.” Munster bowed out at the semi-final stage last season against Clermont Auvergne, and Downey said: “We realised in the dressing room afterwards that we had let it slip. “We had a great chance to beat Clermont, and we said to ourselves that we had to remember that game for this year. “We are more confident now, we’re more experienced and more prepared than we were last year. We’ve got another chance to do it. It’s going to be a great occasion, and the lads will really be up for it. “Sunday is the obstacle in front of both me and the team getting back into a final, and we will be doing all we can to get to Cardiff (on May 24).” The second-tier Amlin Challenge Cup also continues on Sunday, with Wasps and Bath meeting at Adams Park. The winners will face Northampton in the May 23 final. Wasps boss David Young makes one change from the side that beat Aviva Premiership opponents Gloucester last weekend, with prop Phil Swainston replacing an injured Jake Cooper-Woolley. Bath, meanwhile, show six changes following last Saturday’s bonus point Premiership win against Worcester, with Semesa Rokoduguni, Jonathan Joseph, Peter Stringer, Anthony Perenise, Dominic Day and Guy Mercer all handed starts. James Downey believes Munster’s proud Heineken Cup history can be an important factor behind their bid to reach a fifth European final on Sunday. Munster head to the Stade Velodrome in Marseille, where an appointment with Jonny Wilkinson’s Heineken Cup holders Toulon awaits. Wilkinson and company will start as favourites, but Munster showed during their quarter-final demolition of Toulon’s fellow French heavyweights Toulouse that they mean business this season. Press Associationlast_img read more