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Ayala unit secures $67-million funding for solar farm in India


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AYALA-LED AC Energy and Infrastructure Corp. (ACEIC) and its partner UPC Solar Asia Pacific Ltd. have reached financial close for a 100-megawatt (MW) solar farm in India, according to a press release issued by Ayala Corp. on Monday.
ACEIC’s listed parent firm told the stock exchange that the $67-million (around P3.25 billion) Sitara Solar project located in the desert state of Rajasthan, has secured a 20-year loan from the US International Development Finance Corp. (DFC).
It will be funded through a 75:25 debt-to-equity financing scheme.
Ayala described the project as a “major milestone” for its joint venture company UPC-AC Energy Solar, moving the latter closer to its target of achieving over 1 gigawatts of solar energy across Asia. ....

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Assam: Rape victim's kin seek special public prosecutor to fight court case | Guwahati News


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GUWAHATI: The family of a minor, who was brutally gang-raped and murdered in Assam’s Biswanath district in February this year, has urged the state government to appoint a special public prosecutor to fight the case.
Their case registered under Protection Of Children from Sexual Offences (Pocso) Act, 2012 is currently in the district and sessions judges court.
The father of the victim, who is a farmer, told TOI that they haven’t got justice even after almost 11 months since the heinous incident took place. “It’s been almost 11 months of the incident. All the nine accused are roaming free on bail. I do not have any idea what is going on. How could they get bail after doing such a heinous crime?,” he asked. ....

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