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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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GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jul 14
21:00 6-Month Bill Auction 1 4.125% 4.145%
21:00 3-Month Bill Auction 1 4.245% 4.255%
23:30 BoE's Governor Bailey speech 3
Tuesday, Jul 15
04:31 BRC Like-For-Like Retail Sales (YoY) 2 2.7% 0.2% 0.6%
06:00 Westpac Consumer Confidence 2 0.6% 0.5%
17:30 OPEC Monthly Market Report 1
17:45 Housing Starts s.a (YoY) 1 259.0K 279.5K
18:00 NY Empire State Manufacturing Index 2 -9 -16
18:00 Consumer Price Index Core s.a 1 326.85
18:00 Manufacturing Sales (MoM) 1 -1.3% -2.8%
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