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In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.

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Construction Starts on Panamint Capital's 1.2 GW Solar Project in Texas

LCG, July 23, 2026--Panamint Capital announced today that construction has commenced at Big Rooter Power, a nearly 1.2 GWdc solar PV project located at the company's Twin Oaks power station in Robertson County, Texas. The $1.7 billion will be the largest solar project built at an existing coal mining site in North America.

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Industry News

Lenders may buy Dabhol for $700 Million

LCG, Oct. 30, 2001-- Enron Corp. is in advanced stages of negotiations to sell its stake in Dabhol Power Co. at a 30 per cent discount to Indian financial institutions that hold the majority of the project's paper, the Economic Times reported this morning.

Enron chief executive Kenneth Lay has repeatedly refused to budge from his demand for $1 billion for the company's 65 percent interest in Dabhol, but the paper said talks were in progress over a sale for as little as $700 million.

The Economic Times said the Industrial Bank of India and other lenders are "close to finalizing" an agreement with Enron and could work out a deal within two weeks. Indian Prime Minister Atal Bihari Vajpayee will leave for the U.S. in the second week of November for meetings with President Bush.

The paper cited "sources close to the ongoing negotiations" as saying that the Indian government is eager that the financial institutions take over Dabhol quickly so that the Vajpayee can tell Bush during his visit that justice has been done with regard to the big U.S. energy company.
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