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Daily Archives: January 8, 2013

Bidders’ response to solar power encouraging in Tamil Nadu

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According to reports, “The response is by no means discouraging,” said a senior official in the Electricity Department referring to the bids for 500 MW of solar power generation capacity submitted against a total of 1,000 MW anticipated by the Tamil Nadu Government. In the prevailing scenario, 500 MW of concrete investment proposal in solar power is significant and unmatched by any other State, pointed out the official. The Tamil Nadu Generation and Distribution Corporation had called for bids to set ... Read More »

Swelect Energy to invest Rs 22 cr in HHV Solar Technologies

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According to reports, Swelect Energy Systems Limited (SESL) has planned to invest Rs 22 crore in HHV Solar Technologies Ltd, a Bangalore based company. This would be done through subscription of equity shares in the company and by purchase of stake held by SIDBI Venture Capital Ltd, SESL said in a statement to the stock exchanges today. The board of directors of SESL, earlier known as Numeric Power System Ltd, had on Jan 7 approved subscription to 10,15,079 shares in HHV ... Read More »

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