Financial Daily from THE HINDU group of publications
Saturday, Jun 25, 2005
Financial Daily from THE HINDU group of publications Saturday, Jun 25, 2005 |
|
|
|
|
|
Industry & Economy
-
Power India, EU energy meet on June 29 N.K. Kurup
Brussels , June 24 OFFICIALS of India and the European Union will meet here on June 29 to discuss bilateral co-operation in the field of energy. The meeting follows the decision taken at the India-EU summit in Hague last November to set up a bilateral energy panel. The India-EU energy panel is expected to look into various issues relating to long - term energy requirements, particularly energy security in view of the rising oil prices. Both India and the European Union depend largely on imported oil to meet their energy requirements. The energy dialogue will be an important aspect of the action plan being worked out for strengthening cooperation between India and European Union, an EU official told a group of visiting journalists from India here recently. The action plan is expected to be unveiled during the India-EU Summit scheduled for September 7 in New Delhi. The move to set up an energy panel is considered important in the context of the on - going programme to develop alternative energy sources. Responding to a question on the proposed Iran-India pipeline, the official said the EU is not opposed to the project to bring gas from Iran to India through Pakistan. He said EU's stand on Iran-Pak-India gas pipeline project is different from that of the United States, which was against the project in the face of Iran's nuclear plans. EU officials also said that India is shortly expected to sign the EU's Galileo global positioning system. Galileo — with its network of 30 satellites becomes operational in 2008 — will provide the first real alternative to the US military-run Global Positioning System (GPS), which Washington has the power to turn off on a selective basis.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|