The International Finance Corporation (IFC), a member of the World Bank Group, has decided to provide both equity and debt to china-based wind energy developer, Honiton Energy Caymans Plc.

The Tanti Group, promoters of India's top wind turbine maker Suzlon Energy Ltd, holds a 23.6% equity stake in Honiton Energy.

Honiton Energy plans to build up about 1,600 MW of wind energy capacity by the next three years (2012) in China's Inner Mongolia region.

ABB, a leader in power and automation technologies, on Wednesday announced the opening of its greenfield automation products facility near Bangalore.

The inauguration of latest facility is one of many initiatives that company has taken up in India to build and expand capacity to meet the needs of the future.

According to the Wednesday announcement from National Thermal Power Corporation (NTPC), the company’s year-on-year net profit figures for the fiscal ending March 2009 rose 5.56 percent, after deducting Rs. 1,400 crore for the employees’ wage revision in 2008-09.

For the year ending March 31, 2009, the turnover of the Power Sector Southern Region (PSSR) division - which is the engineering, procurement and construction wing of the state-managed Bharat Heavy Electricals Ltd (BHEL) - has crossed the Rs. 1,000-crore mark! The precise turnover figures stand at Rs. 1,000.40 crore as compared to the earlier year figures of Rs. 675 crore.

The 59th PTC India Ltd Board Meeting on Monday, April 5, was marked by the amendment of the decision taken by the company's board at the 57th meeting. The previous decision went thus: "subject to the approval of shareholders raising of funds up to Rs. 12 billion through the Qualified Institutional Placement - NCDs upto Rs. 4 billion; plus warrants of upto Rs. 8 billion."

In a press release on Sunday, the state-run Power equipment maker Bharat Heavy Electricals Ltd (BHEL) announced that the annual 2008-09 turnover figures of its boiler auxiliaries plant marked a record high of Rs. 2,000 crore!

The turnover for exports also showed an increase of 40 per cent, as compared to the year-before figures, yielding Rs. 28 crore for the year on the whole. In case of the value addition per employee also, the figures depict a year-on-year increase of 19 percent to Rs. 19.79 lakh.