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Don't get mad, get musical
What does a Taylor guitar worth $3,500 have in common with a pornographic comic-strip Indian bhabhi? The curves, sure, but they both also have songs protesting their mistreatment. In the process, they’ve got the Net buzzing.

Asian markets trade mixed; Nikkei up 1%
Asian markets are mixed this morning. The Hang Seng has dropped 112 points to 21,702. However, the Nikkei has added 100 points (1%) to 10,184.

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States not doing enough in health sector: Azad
Unhappy with the way the National Rural Health Mission has been implemented by states, Union Health Minister Ghulam Nabi Azad has said the flagship scheme was not going in the right direction and the state governments should equally "share the burden".
International Business

PSEB to issue LoI for Rajpura Project

After receiving encouraging response from private players in developing a 1,320 Mega Watt Rajpura Thermal Power Project, the Punjab State Electricity Board is expecting to issue a Letter of Intent (LoI) to the successful bidder for this project by the end of this month. "We are hoping to complete the bidding process by the end of October and we expect that the letter of intent will also be issued in the same period," a senior official of PSEB said today. India Glycols turns around; posts Rs 7 cr profit Rahul and Udhav spar on Mumbai migrant issue NTPC fixes FPO base price at Rs 201 a share Notably, the state electricity board, when it invited bids for the first time last year, managed to receive only a single financial bid from Lanco Infratech with a levelised tariff of Rs 3.38 per unit despite eight other companies, including Reliance Power, Tata Power, Essar Power, being adjudged qualified bidders. At that time, the global downturn was cited as the main reason behind staying away of companies from this project. However, the Punjab State Electricity Regulatory Commission (PSERC) declined to give approval to the lone bid of Lanco Infratech, leading to reinvite bids this year. The first unit of 660 MW of Rajpura Thermal Power project is expected to start in the first quarter of 2014, while the second unit would start in the next three months of operationalisation of first unit. Proposed to be awarded to developers on Build, Own and Operate (BOO) basis, the project would involve an investment ranging between Rs 5,000-6,000 crore. Meanwhile, work at the 1,980 MW Talwandi Sabo project being developed by Vedanta Group Company Sterlite Energy Ltd is going in full swing, the official said. The order for the Engineering Plant and Construction has been given to a Chinese company SEPCO for its execution, he said. Sterlite hopes to complete the financial closure of this project by December 2009. Punjab plans to add another 3,800 MW of additional thermal power generation capacity by 2014 against present thermal capacity of 2,700 MW.


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