Suzlon’s arm REpower ties up 750 million euro debt

Suzlon Energy’s subsidiary, REpower Systems SE has signed an agreement with a consortium of banks led by BayernLB, Commerzbank Aktiengesellschaft and Deutsche Bank AG for a syndicated loan of 750.0 million euros. “This is...

ONGC auction through; BHEL divestment on hold

The whole ONGC auction confusion has taken its toll on the government’s disinvestment plan as this was being seen a test case for more such deals. As a result the divestment of Oil India...

Solar photovoltaic plant installed in Rajasthan

A Rs 67-crore, 5 megawatt solar photovoltaic power plant has been installed at village Rawara, Taluka Phalodi, in Rajasthan. The project, owned by Indian Oil Corporation, was commissioned by Rajasthan Electronics & Instruments Ltd...

Modi moots review of regulatory panels’ role

Chief Minister Narendra Modi has said that there is need to review the role of Central Regulatory Commissions and authorities to ensure they serve the nation’s interests and not vote bank politics for winning...

Fund hurdle challenges Jaya’s power clean-up plan

The daunting challenge of cleaning up Tamil Nadu’s power sector mess, perhaps the biggest test of Chief Minister J Jayalalithaa’s administrative abilities, has just got more complicated. Weak market conditions have forced the profitable...