IFC plans to invest $25 million or 20%, whichever is lesser, in Asia Environmental Partners II, L.P. (AEP II), a 10-year $300 million target size private equity fund from Olympus Capital.

UltraTech Cement's plant and 75-megawatt (Mw) captive power plant, with an investment of Rs 2,500 crore, have received approval from the expert appraisal committee under the ministry of environment

IFC plans to lend $15.75 mn to the company

NSL Power, which plans to invest $45 million to set up new wind farms in Maharashtra, is planning to raise around $15.75 million from the International Finance Corporation.

Isro said that the launch will not be impacted due to a cyclone warning, which was given for the southern coast of Tamil Nadu

A day prior to the historic moment of launching its Orbiter to Mars, the Indian Space Research Organisation (Isro) has undertaken the propellant filling operation of Second Stage (PS2) in the spacecraft, which will carry Mangalyaan to Mars and hardware checks on the mission computers have commenced.

Jayalalithaa asks PM's intervention to release Rs 1,500 cr from NCEF to support projects

In its bid to address lack of proper wind power evacuation infrastructure in the state, the Tamil Nadu government plans to take up projects with a total cost of Rs 5,998 crore. However, to take this plan forward, chief minister J Jayalalithaa has sought Prime Minister's intervention in releasing Rs 1,500 crore from the National Clean Energy Fund (NCEF) to the state.

The second unit is expected to go on stream by June next year

The Kudankulam Nuclear Power Plant (KNPP) Unit-I is set to begin production in the next 20 days. "The plant will start production in the next 15-20 days once it completes the trial run," said R S Sundar, plant's site director, and added experiments and tests were in progress.

Move comes after District collector was transferred

The Tamil Nadu Government today ordered to form a special team to verify the illicit mining in Thoothukudi district in Southern Tamil Nadu, which has been on the storm after the District Collector was transferred after conducting a raid in a private company on the alleged illegal mining case.

The project aims to maximise refinery margins at least by $1 a barrel

Chennai Petroleum Corp Ltd (CPCL), a subsidiary of IndianOil Corp Ltd, has got environment clearance for its Rs 3,350-crore expansion project at the Manali refinery near here. Proposed two years ago, the project aims to maximise the refinery margins at least by $1 a barrel. It will produce more high value distillates and enable the company to process more of the cheaper high-sulphurous crude.

TPS-II Expansion at Neyveli and coal-based power plant at Tuticorin expected to commence operations in 2013-14

Neyveli Lignite Corporation (NLC) is planning to increase its power generation capacity to 4,240 MW with TPS-II Expansion (500MW) at Neyveli and a coal-based power plant of 1,000 MW at (NTPL), Tuticorin expected to commence operations in 2013-14. This would also help the state of Tamil Nadu to address its power shortage, which is currently around 4,000 Mega Watt (MW).

State to give total co-operation, the company is planning to expant to 1,000 MW

Raasi Green Energy Private Ltd today signed a MoU with the Tamil Nadu Government to set up a solar farm in the state of Tamil Nadu with an investment of around Rs 920 crore. The new plant will come in the southern district of Ramanathapuram district. The company exchanged a MoU with Tamil Nadu Industrial Development Corporation (TIDCO) in front of Tamil Nadu Chief Minister J Jayalalithaa at Chennai today.