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Friday, October 30, 2009

Tata Power to invest $3.2 bln in hydro JV

India's Tata Power plans to invest Rs 150 billion($3.2 billion) over five to eight years in a joint venture with Norwegian firm SN Power to develop hydropower projects in India and Nepal, a company official said on Friday.
The partners aim to have 2,000 megawatts under construction or in operation by 2015 and a total of 4,000 MW by 2020, "We will be able to raise financing from international lenders," SN Power Chief Executive Oistein Andresen.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 25
19:30 New Home Sales Change (MoM) 2 -13.7% 9.6% Revised from 10.9%
19:30 New Home Sales (MoM) 1 0.623M 0.690M 0.722M Revised from 0.743M
19:30 Fed's Chair Powell testifies 3
20:00 EIA Crude Oil Stocks Change 1 -5.836M -0.600M -11.473M
22:30 5-Year Note Auction 1 3.879% 4.071%
Thursday, Jun 26
14:00 BoE's Breeden speech 2
15:15 BoE's Greene speech 2
16:30 BoE's Governor Bailey speech 3
18:00 Chicago Fed National Activity Index 1 -0.25
18:00 Initial Jobless Claims 2 245K 245K
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