Areva T&D India Ltd, the Indian arm of French energy firm Areva SA has signed a contract worth Rs 60 crore for Hybrid Gas-Insulated Substation with Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL) for Indira Gandhi Nagar substation (Jagatpura) at Jaipur.

A company official said, that this is the first 145 kV hybrid GIS order for AREVA T&D in India and only the second order of its kind in the country.

Oil & Natural Gas Commission will raise Rs 9,000 crore for its petrochemicals project in joint venture with Gujarat State Petroleum Corp, a company executive said.

"It will be through syndicated loans," director (finance) D K Sarraf said, adding, "We will complete the transaction in March or early April." ONGC Petro Additions Ltd, a joint venture of ONGC and Gujarat State Petroleum Corp, is building a petrochemical plant at Dahej in Gujarat.

Kiev  - Masked government agents broke into the headquarters of Ukraine national natural gas company Naftogaz Ukrainy on Wednesday to search the premises, with the country's national intelligence agency SBU saying the raid was part of an anti-corruption action.

The armed men wore black combat uniforms commonly used by Ukrainian special force police and military units, witnesses said.

The SBU assault teams totalling 20-30 troopers were moving through Naftogaz offices searching for unidentified documents, they said.

Vienna - The price for cru

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.