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US agency OPIC to provide $150 mn to India for solar powered telecommunication towers

A US agency has announced to provide a financial assistance of USD 150 million toIndia to expand use of solar powered telecommunication towers. The decision by the Overseas Private Investment Corporation (OPIC)…

October 1, 2011 / No Comment / Read More

Cairn Energy says focused on closing Vedanta deal

British oil firm Cairn Energy said it was focussing on concluding a long running deal to sell a stake in its Indian unit to Vedanta , but was also looking…

August 23, 2011 / No Comment / Read More

Five pvt companies to set up thermal power plants in Tamil Nadu

In a bid to address acute power shortage, the Tamil Nadu government has decided to encourage the private sector to set up units in the state and as part of…

August 16, 2011 / No Comment / Read More

Fertliser, power firms to pay $5.5 billion more for imported LNG

Fertiliser, power and other firms may have to pay an astronomical USD 5.5 billion (Rs 2.5 lakh crore) more for imported LNG from 2014 because of certain price changes Petronet…

August 15, 2011 / No Comment / Read More

Government seeks data on loans to telecom, aviation and power sectors

Concerned that some corporates are over-leveraged, the government has asked banks to provide data on borrowings in telecom, aviation and power sectors. Interestingly, all the three sectors for which the…

August 14, 2011 / No Comment / Read More

Power plants in pause mode, lenders press panic button

On July 21, Sajjan Jindal-promoted JSW Energy said it had put its Ratnagiri expansion plans on hold due to costly imported coal. High cost of imported coal had already dented…

August 3, 2011 / No Comment / Read More
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