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Suzlon bags order from Spain for supplying 42.5 MW turbine
World's fifth largest wind turbine maker Suzlon Energy today said its European and Latin American marketing arm Suzlon Wind Energy A/S has bagged an order from Spain.

Suzlon Wind Energy A/S, Denmark, has bagged an order for supplying 42.5 MW wind turbines from Eolia Renovables SRC SA and Iniciativas Energticas SA.

"We are very pleased to partner with Eolia Renovables SRC and Iniciativas Energticas SA. We have a winning combination with Suzlon's EPC experience and the clients' considerable experience in the Spanish energy market," Suzlon Wind Energy A/S CEO Erik Winter Pedersen said in a statement.

Suzlon would start executing the contract for turn-key erection of a wind farm Jerez (42.5 MW) by installing 22 units of Suzlon's S88 2.1 MW turbines, it said.

Suzlon Group CEO Andre Horbach said: "Its vital for us to be present in one of the largest markets for renewable energy in the world."

Spain has an installed capacity exceeding 11,000 MW and is estimated to have yearly installations of around 2,000 MW from 2008-2011.

GMR Infrastructure - Updates

With reference to the earlier announcement dated November 27, 2007, GMR Infrastructure Ltd has informed that GMR Energy Ltd, the Company's 100% Subsidiary Company has acquired 80% stake of a Himtal Hydro Power Co. (P) Ltd. having its registered office at Block No. 33, Kel Tote, Chiwani, Kathmandu — 27, Nepal ("Himtal") on January 02, 2008. Himtal have subsisting Survey Licence issued by the Department of Electricity Development, Govt. of Nepal for undertaking the Feasibility Study and Environmental Impact Assessment Study for setting up a 250 MW Upper Marsyangdi—2, Hydro Power Project, located in Upper Marsyangdi, Nepal.

Further the Company has informed that, the necessary approval has been obtained from
Investment Promotion Board, Department of Industries of Government of Nepal and GMR Energy Ltd being the majority shareholder has nominated Directors on the Board of Himtal.

PM alarmed by rise in crude prices, to consider fuel price hike
Prime Minister Manmohan Singh on Monday expressed concern at the rise in international oil prices and said that all possible options, including a fuel price hike and duty cuts, will be considered to deal with the situation.

"We have to look at all possibilities existing. I would not like to comment on it," he told reporters when asked if petrol and diesel prices are set to be raised.

"Steep rise in crude oil prices is a cause of concern. We have to look at various options open to us," he said after new CAG Vinod Rai took oath of office at Rashtrapati Bhawan.

A Group of Ministers on fuel prices headed by External Affairs Minister Pranab Mukherjee will meet on January 17, the first ever meeting after its constitution by the Prime Minister in November 2007, to consider a response to crude prices touching $100 a barrel.