Karnataka Chief Minister Jagadish Shettar recently launched two projects — Hombelaku and Hongirana — to decentralise biofuel extraction units and to offer biofuel products under one roof. The projects have been initiated by the Karnataka State Biofuel Development Board.
Author: admin (Infratructure Today)
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Govt targets to add 30,000 mw renewable energy
The Union Ministry of New and Renewable Energy is targeting a capacity addition of 30,000 mw during the 12th Plan period (2012-17) from various renewable energy sources, This was stated by the Union Minister for New & Renewable Energy Farooq Abdullah in the Rajya Sabha on March 11.
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AAI invested Rs 2.5 bn on Mangalore airport
Airport Authority of India (AAI) has invested around Rs 250 crore for the development of Mangalore airport till now and has requested the Karnataka government to provide land for further development.
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ONGC bids for 20% stake in Rovuma field
Media reports indicate that the public sector energy explorer ONGC (ONGC) has bid for a 20 percent stake in the Rovuma offshore field at Mozambique jointly with Oil India (OIL). US explorer Anadarko Petroleum Corp and Videocon Group,
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Panel recommends green nod to Kannur airport
At the Centre, a high-level Environment Ministry panel has recommended granting green clearance to the proposed international airport at north KeralaÂ’s Kannur district. The decision to recommend the environmental clearance for the airport was taken at the recent meeting of the Expert Appraisal Committee (EAC) for Building Construction, Coastal Regulation Zone, Infrastructure Development and Miscellaneous projects.
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Air India’s 10% fleet lying idle for want of spares
For want of spares and engines, more than 10 per cent of Air IndiaÂ’s (AI) fleet is lying idle, with 13 of its 106 planes grounded. Such high number of grounded aircraft indicate highly mismanaged affairs at the ailing carrier, feel industry sources. Such a situation should not
have arisen at all as the government has pumped in more than Rs 6,500 crore into the airline in this fiscal year alone, an official said
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Compensation hurdles hamper NM airport project
For the much delayed Navi Mumbai airport project, the Maharashtra government has decided to review the compensation to be paid to acquire the remaining land. Maharashtra Chief Minister PrithvirajChavan said that the project implementing agency Cidco has been asked to suggest whether the package, promised to land owners from nearby areas, in other projects can also be applied in this case.
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SBI to recover money from Kingfisher
State Bank of India (SBI), the lead banker to Kingfisher Airlines, on March 18 stated that it is taking all steps to recover the loan provided to the grounded carrier. SBI Chairman Pratip Chaudhuri said that the bank is blazing all guns and taking all steps to recover loan dues form Kingfisher. He said this in Delhi after the meeting of the Finance Minister with the heads of PSU banks and financial institutions.
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Study suggests govt to encourage new funding sources
According to an industry study, there is an need to
encourage funding sources other than bank credit (like insurance) and introduction of new instruments to accelerate flow of funding to infrastructure sector. The study, conducted jointly by industry body ASSOCHAM and and consulting firm Deloitte points out that the change in BASEL III requirements and too much conc
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RBI wants banks to mitigate risks on infra loans
In a communication to banks, the the Reserve Bank of India (RBI) asked lenders to take steps to mitigate loans given for infrastructure projects under the public-private partnership (PPP) model. The RBI asked banks make provisions such as pre-determined increase in user charges for infrastructure projects in order to ensure sufficient risk mitigation. There has t