NORTH-EAST:ASSAM: Experts warned Centre Govt against rushing through big dam projects (08 Aug. 2015) Even local BJP leaders are against Big dams in North EAST: “BJP leader and former bureaucrat Chandrakanta Das said that the power-starved Northeast should generate electricity through small and run-of-the-river dams instead of big dams. We need power for development, but that should not come at the cost of our pristine environment. We should explore power generation through small and run-of-the-river dams,” he said.
SIKKIM: Delay in completion of 500 MW Teesta Hydropower Project cost Lanco dearly as lenders prepare for Rs. 2400 crore debt-equity conversion (10 Aug. 2015) Lenders to Lanco Teesta Hydro Power will convert part of their Rs 2,400-crore outstanding loans to the company into 51% equity in the most significant such takeover since the Reserve Bank of India allowed lenders to do so when borrowers fall behind on repayments. A consortium of lenders, including some large private and public sector banks, agreed to convert part of their loans to Lanco Teesta into equity at a recent meeting. Senior executives at a large commercial bank said that close to Rs 780 crore will be converted into equity under the capital market regulator’s formula. This will be the second such instance of a bank exercising its right to acquire a majority stake in an ailing company.
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