Ahmedabad: The country

GSPC

Mumbai: The beleaguered Gujarat Mineral Development Corporation (GMDC), which has seen its scrip fall sharply in September, is facing the dark shadow of Lehman Brothers over its power project in Chattisgarh. GMDC has a joint venture with KSK Energy to set up a 1800 MW coal-based power project at Korba. Almost 30% of equity in the Hyderabadbased KSK is held by the fallen US financial giant.

GANDHINAGAR: Vibrant Gujarat wants to dot some of state's major canal networks, including the Narmada main canal, with mini-micro-hydro power projects. And imagine whom does it propose to choose for this - a company called Krishna Kanhaiya Hydro Power Pvt Ltd, owned by a UK-based NRI Riyen Ramani.

Already, it has earned a contract worth Rs 18 crore to start building mini-microhydro power projects on the canal coming out of Karjan dam, lying dormant for nearly three decades.