The Tulsi Tanti-controlled wind turbine maker Suzlon Energy and China based Inner Mongolia North Longyuan Wind Power Corporation have formed a joint venture on Tuesday. The JV aims to supply wind turbines of 100 megawatt for a World Bank funded project in China. The company recently bagged order for 80 turbines from Inner Mongolia North Longyuan Wind Power Corporation.

The JV, signed by Chinese Subsidiary of Suzlon Energy, Suzlon Energy Tianjin, would ensure delivery of 80 units of Suzlon's 1.25 megawatt turbines in two lots in the financial years 2010 and 2011.

State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) has revealed that the company is presently setting up a manufacturing unit at Tirumayam in Tamil Nadu at an investment of Rs 250 crore.

The project, to be funded through internal accruals, is part of the company’s manufacturing capacity expansion programme, a company official said.

The new plant would initially produce about 25,000 metric tonne of boiler components.

State-run fuel retailers on Saturday slashed jet fuel or ATF rates by a further 7 per cent.

The latest cut is the eleventh reduction in aviation turbine fuel (ATF) since September 2008, helping prices slide by about 61% since August last.

It should be noted that ATF prices peaked to Rs 71,028.26 per kilolitre in Delhi in August 2008 when international crude prices touched $147 a barrel. ATF makes up nearly
40% of airlines' operating costs.

Peshawar, Feb. 27: Iranian Consul General Muhammad Iqbal Asghari has said that talks on the Pakistan-Iran gas pipeline are in their final stages.

Asghari said the Iranian government was aware of Pakistan's requirement of gas, had preferred to supply gas to Pakistan, rejecting Swiss and Bulgarian proposals, the Daily Times reports.

Iran boasts of having world''s second-largest gas reserves after Russia but poor management, politics and construction delays are blocking it from becoming a major exporter.

GUJ GOVT AND INDUSTRILLISTS TO VISIT SASKATCHEWAN IN CANADA

After bagging exploration & production (E&P) blocks in Egypt, Yemen and Australia, the state-owned Gujarat State Petroleum Corporation (GSPC) is now looking at Canada's second largest oil-producing province of Saskatchewan. Currently only 15% of the more than 41 billion barrels (6.5 billion cubic metres) of oil initially in-place is recoverable based on current and expected conditions. With 85% of the oil remaining in the ground, there is excellent potential for the use of enhanced oil recovery methods and new technologies.

Moscow - Russian gas export monopoly Gazprom warned it could again cut supplies to Ukraine in early March over 400 million dollars in new debt, a Russian newspaper reported Thursday.

Kommersant daily said new cuts were discussed at a board of directors meeting this week after Ukraine failed to pay for February supplies, an unnamed participant told the paper.

"If 400 million dollars is not paid on March 7, then on March 8 we will again have to cut off the gas to Ukraine," the insider quoted the head of Gazprom's finance department, Andrei Kruglov, as saying at the meeting.