India

Power Finance Corporation Ltd and Nuclear Power Corporation of India Ltd signed an MoU to set up nuclear power projects in India. The Memorandum of Understanding was signed by Mr. Satnam Singh, Chairman and Mnaging Director, PFC and Dr. S.K. Jain, Chairman and Managing Director, NPCIL. 

The ADB Board of Directors approved a US$120 million loan for the Bangladesh City Region Development Project. It will target energy-efficient, environmentally friendly urban services, more coordinated regional development planning, and stronger management capacity for municipalities in the sprawling city regions of Dhaka and Khulna, which include surrounding secondary towns.

Azure Power will develop a 15 MW solar PV power plan with an investment of $40 million in Gujarat. The investment is led by Overseas Private Investment Corporation, an agency of the United States Government. Other investors in the project include World Bank arm IFC, and venture capital firms Helion Advisors and Foundation Capital.

Tata is running an advertising campaign to reinforce its bond with Mumbaikers and celebrate its journey and initiatives towards strengthening this relationship.

Reliance Power Limited has placed an order for 30,000 megawatt capacity of boiler, turbine, generator packages with theShanghai Electric Group Company. It will be used for its coal based power plants. Reliance Power and SEC have signed memorandum of understanding to cover the financing with leading Chinese Banks such as Bank of China, China Development Bank, the Export-Import Bank of China and Industrial and Commercial Bank of China. The agreement with the Chinese banks allows Reliance Power to get financing for importing Chinese equipment for up to $12 billion.

Reliance Power will borrow US$5 billion with the Export-Import Bank to  finance its 900-MW of renewable technologies. These include solar and wind energies as well as up to 8,000 MW of gas-based power-generation technology.

A hydropower project in Nepal is being eyed by three Indian companies and a joint venture and three Chinese companies.

The first 500 MW unit of Indira Gandhi Super Thermal Power Project at Jhajjar has been commissioned after achieving full load.

NTPC and the electricity supply companies of Karnataka have signed power purchase agreement for the 4,000 MW Kudgi plant.

The Upper Kotmale tunnel will carry water from Kotmale River to the power station which is slated to add 150 MW of electricity annually to the National Grid.

CEB will soon commence construction on the Broadland hydropower complex in the Nuwara Eliya district.

ABB will supply three new substations for Maharashtra Eastern Grid Power Transmission Company Limited. The order worth US$40 million from PMC Project Private Limited  was booked in the third quarter.

Bhutan is receiving fresh ADB assistance in providing electricity to all rural households. Asian Development Bank's Board of Directors has approved a grant of almost $21.6 million for the Bhutan Rural Renewable Energy Development Project.

Saint-Gobain is interested in putting up a plant in India but wants government support.

Acciona Energy has started constricting the 56 MW Tuppadahalli facility, its third wind park in India. It will come on stream in 2011. According to the Construction and maintenance News, the wind park represents an investment of US$81.3 million. The wind park will increase the company's wind power capacity in the country to 85.8 MW.

Nuclear Power Corporation of India Limited's large capacity addition program will be financed by the Power Finance Corporation.