Cairo - The Japanese company Toyota has expressed interest in investing in wind farm projects in Egypt, said Egyptian Minister of Electricity and Energy Hassan Younes on Sunday.
"Japan is one of the supporters of Egypt's ambitious plan to develop renewable energy. The Japanese government presented two soft loans to help in financing the Koraimat solar station, to generate 140 megawatts," Younes was quoted by the official MENA news agency as saying.
Younes' statement came after he met with representatives of major Japanese companies experienced in the sector of electricity all over the world.
Union government has allowed OVL, foreign subsidiary of ONGC, to go for the acquisition of UK-listed Imperial Energy at the original prices of $2.5-billion. The deal was approved by the government in August when it allowed OVL to participate in the bidding process for the acquisition of Imperial Energy. 
Oil and Natural Gas Corporation (ONGC) is trying hard to acquire Imperial Energy for $2.1 billion in the stipulated period. However, there are fewer chances to complete the process in time as 90 per cent of the investors are unlikely to tender their shares within the required time limit. 
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New Delhi, Dec. 9 : The Union Government has given the signal to the state-run oil company, Oil and Natural Gas Corporation(Videsh) Limited (ONGC) to make a formal offer for acquiring 100 per cent equity in the UK-listed Imperial Energy.
The government has finally slashed the prices of petrol and diesel by Rs 5 and Rs 2 a liter, respectively. Revised prices would be effective from midnight. The step would help to control the inflation rate and increase demand in the economic system. However, the margin of oil marketing companies would decline just as it was starting to improve due to the decline in crude prices in the international market. OMC are likely to suffer a revenue loss of Rs.6,000 crore in the current fiscal due to the recent price revision. 
