GLG News by Engineering and Construction Experts (India)

America’s credit crisis is shaking up not only smaller alternative energy sectors like solar and geothermal, but also the largest renewable electricity sector – wind power.As recently as this summer, the cost of power from new wind farm was 8.4 cents per kilowatt hour, cheaper than power from a new...

As per the article, financial-statement fraud increases during recessions as management teams grow ever-more desperate to make their numbers. A private CRM software company in Seattle had raised over $50 million from VC firms like Ignition Partners and Sigma Partners, deliberately overstating annual...

While defining solutions to carbon free electricity, the author outlines the criteria which according to him are eminently satisfied by Concentrated Solar Power i.e. affordable, non exhaustible, available to every country developed or underdeveloped, does not take much fresh water to produce...

The derivative market has grown to such a massive proportion due to the speculative activities and the intention of the players to make quick profit.  The market operation in derivatives requires only the margin money which is about one tenth of the value of underlying security, the expansion of...

In the present context, Mr. John McCain rightly says that "Fair value rules may be exacerbating the credit crunch", since the market reacts and stabilizes on sentiments. While strictly applying the valuation rule of mark to market accounting, the assets held by the investment companies will be vaued...

Failure of several investment banks together with some insurance companies clearly indicate that the investment banking system need to be modified so that the short-comings and irregularities are capped at the beginning itself, and should not be allowed to grow to such a proposition that it...

1. Unless pragmatism descends on energy costs of renewable like solar, wind etc, we need to seriously examine the nuclear energy options. 2. Carbon free alternative in India and China's power generation program can only come if the countries follow a credible nuclear energy program in the coming years....

With the increasing investments in and development of Thin film Solar PV technology, grid connected solar power plants are becoming increasingly viable. As the size of the thin film solar PV manufacturing plants become bigger, the economies of scale will kick in and make the cost of grid connected...

The news of the cancellation of the orders of 150 wind turbines, by an  Edison company in US, following blade failures, placed on Suzlon an Indian Wind Turbine has triggered a debate, 1.Is the company's  technology state of art ?And more significantly, 2. Has the management of Suzlon adopted...

Correction in Global Steel Prices may be a long drawn process, as other countries like India tighten steel exports by imposing Export Tax varying from 15% to 5% on various steel products. The infrastructure & construction investments in South East Asia, Middle East & some parts of Africa are...