The UP urban areas will see the introduction of power transmission and distribution system through input-based franchisee by Mayawati government, which it thinks is vital for development. The decision was taken in the cabinet meeting held in Lucknow.

"The step could be the first move towards privatization of power distribution in the state which until now was in government hands," said the UP Power Corporation Limited
(UPPCL) sources.

The biggest wind-turbine maker of the country, Suzlon Energy would sell 10% stake in its Belgium arm Hansen to a London-based investment firm. Hansen supplies industrial and wind gear boxes besides providing designs of business and manufacturing practices. It is planning to expand its network in India and China.

Suzlon said in a filing before the Bombay Stock Exchange that its Netherlands-based wholly-owned subsidiary AE-Rotor Holding has sold 6.70 crore shares to Ecofin. The amount of deal is not disclosed yet by any party.  

The world's fifth largest wind turbine maker, Suzlon Energy has increased its share in its German subsidiary REpower Systems. The company currently holds 73.71 percent stake in REpower and paid around Rs 447 crore to Portugal's Martifer SGPS for acquisition. Martifer holds 22.4 per cent stake in the German company. Suzlon Energy had to acquire these stakes to complete the deal before May 2009 as per agreement with Martifer.

After witnessing several rounds of delays, the government has finally agreed to the bids for the Tilaiya ultra mega power project, which would be held today at Jharkhand. It should be noted here that earlier the dates for the bids for the fourth ultra mega power project has been pushed back at least five times through 2008.

Power transmission equipment manufacturer KEC International has received an order worth Rs 636 crore from Egyptian Electricity Transmission Company.

It is the largest contract the company has ever got. The order will be funded through the European Investment Bank and the Egyptian National Bank.

In a statement, the company said that the scope of the order includes design, supply and construction of circuit lines in Egypt. The total length of the Egyptian transmission lines will be 196 kilometers and the order is to be finished in 24 months.

India is all set to avail optimum use of the civil nuclear cooperation agreements with Russia, France and United States.  The country has already crossed the nuclear isolation era after necessary approvals from countries of nuclear supplier group. It can now import nuclear fuel and sophisticated technology from around the world for peaceful use of nuclear energy.