MUMBAI, AUG 30:
Tata BP Solar India is now Tata Power Solar Systems.
As part of restructuring, the company is now a wholly owned subsidiary of Tata Power, the parent company said. In June, Tata Power said it had completed the share purchase agreement with BP Alternative Energy Holdings to acquire the BP’s 51 per cent equity and preference shares in the joint venture Tata BP Solar. Tata Power Solar said Ajay Goel will be its Chief Executive Officer. Goel is an alumnus of IIT-Delhi with an MBA from the University of Chicago. He brings over 20 years of broad industry experience with the last five years focused on leading and transforming the face of the solar industry in North America. Tata Power Solar has a range of innovative solar systems and solutions for rural and commercial markets, supported by a network of 150 dealers and service centres. It provides complete EPC solutions for large grid-connected solar power plants. The company has completed 50 MW of such projects last year. The company also offers solutions to large industrial clients such as the railways, defence and telecom. It has electrified over 500 villages and installed over 100 solar power plants in the tough terrains of Ladakh. Anil Sardana, Managing Director, Tata Power, said: “In line with Tata Power’s commitment to clean, green energy, we are happy to integrate Tata Power Solar as a sunrise business into our operations.”
THE BP oil spill in the US Gulf is now a Nigerian scam:
From: Dudley Caruthers Esq (Barrister at Law)
Subject: BP Related Agreement Entitlement
I am the private solicitor for Mr Tony Hayward, the esteemed Chairman and Chief executive of British Petroleum. My client has various personal and family related holdings of BP stock and options. Due to his faithful long standing service to BP the total value of his holdings amounts to in excess of 100m pounds sterling. Mr Heywood is a British citizen but it has been my sorrowful duty to advise him that his personal and family wealth is at great risk of being wrongfully confiscated by US authorities acting extra-territorially under special powers authorised by the US government and with the secret consent of a supine UK political and legal establishment.
Mr Heywood is also at great risk of losing his personal liberty and becoming another victim of the long reach of the politicised USA legal system in the same way that was meted out to other British subjects including, most egregiously, the 3 bankers from Natwest. Unfortunately I am not able to advise or assist him in this regard as my expertise lies in the structuring of executive compensation schemes and the management of private endowments; but I am horrified at the witch hunt being perpetrated on my client by the Obama administration and its agencies and I will do all that I can to safeguard my client’s financial position. I am reaching out to you as it has become clear that Mr Hayward’s holdings must be liquidated and held in trust for the benefit of himself and his family beyond USA or UK legal jurisdiction. Exercise of his options and liquidation of his stock is now complete but it has proven necessary to assign title to the ensuing 100m pounds of cash to a person such as yourself who resides in a non recognised tax haven country and where there is a sound basis for UK and USA authorities to recognise the legal validity of local agreements. The taxation and legal recognition agreements between your jurisdiction of Australia and those of UK and USA present a unique opportunity to protect these assets whilst providing you with a benefit in accordance with your key role. I am a keen reader of your blog and greatly admire your economic and political acumen. I immediately recognised that, at this hour of great urgency and risk to my client, you are the man who is capable of securing protection of the Hayward estate. It is with this in mind that I wish you to consider the possibility that you and I (as Mr. Hayward’s agent) have previously entered into verbal agreements providing for you to become the beneficiary of all Mr Hayward’s BP stock and stock option benefits upon their occurring a significant “force majeure” event affecting my client and British Petroleum. It is my legal interpretation that such an event occurred with the sinking of Deepwater Horizon and that title to Mr Hayward’s rights and holdings transferred at that time. If you do recollect our agreement then it is now necessary to transfer the 80m pounds of cash proceeds to yourself which are after payment of a 20m pound advisory and arrangement fee for the services rendered by my firm. Transfer of the cash will only occur to you upon you executing the correct documents which are (i) the force majeure beneficiary transfer agreement (ii) a statutory declaration that the force majeure beneficiary transfer agreement was properly entered into as a verbal agreement in January 2002 and (iii) details of your Australian bank account including account name, password and account number and most critically an agreement between yourself and myself as trustee for Hayward related entities granting the trustee the right to claw back 50% (40m pounds) of the transfer at any time and requiring you to escrow the 40m pounds in a separate account. I sincerely trust that you will search your memory and recollect that we met in Sydney in 2002 and recollect the nature of our agreement. Please contact me at my firm’s Nigerian subsidiary’s offices at the address below such that we can act with the speed required of us.
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