The Expert Appraisal Committee (EAC) gave conditional clearance to the plan of Cairn India to raise crude oil output capacity from its Mangala Processing Terminal in Rajasthan. The approval would enable Cairn India to raise oil production from 175,000 bpd to 200,000 bpd.
Author: admin (Infratructure Today)
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Oil ministry prepares uniform gas price policy
In order to bring about equality in the price of imported and domestic natural gas, the union oil ministry has worked out a a Uniform Gas Price Policy. Minister for Petroleum and Natural Gas M Veerappa Moily informed told that he did not know whether the policy has to go to the cabinet or not. Imported gas curre
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Centre to assert its right to allot coal blocks
In a reply to the Supreme Court, the union coal ministry plans to assert its right to allocate coal blocks under legislations like Coal Mines (Nationalisation) Act, Coal Bearing Areas Acquisition & Development Act. It may be recalled that the apex court recently questioned the centreĆās authority to allocate coal blocks during the hearing of a public interest litigation (PIL) rega
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Experts call for transparency in allocation of mining assets
Experts and industry observers call for a transparent process to allocate mining assets to private players in the wake of a series of irregularities in the mining sector in Odisha, Goa and Karnataka. Whether the mining blocks are allocated by the state government or the central government, the zone of discretion should be minimised, said RV Shahi, a form
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Tata Power suggests steps to boost power sector
Tata Power Managing Director Anil Sardana urges government to take policy measures to enable the power sector grow at 12 per cent every year. He said the power sector must grow at 12 per cent every fiscal in order to support a GDP growth of 7-8 per cent
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IFC to submit report on Vizhinjam Port project
Agency reports indicate that the International Finance Corporation (IFC) would soon submit the environment impact assessment (EIA) report for the proposed Vizhinjam Port. Part of the World Bank Group, IFC is the largest global development institution focused exclusively on the private sector in developing countries
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Paradip Port awards Rs 210 cr contracts to Mercator
Odisha-based Paradip Port Trust awarded two contracts worth Rs 210 crore to the diversified conglomerate Mercator Group. In a communication to Bombay Stock Exchange, Mercators said the contracts pertain to maintenance dredging of the approach and extended approach channel
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Govt hopes to award 6,000 km contracts under EPC mode
The Union government would be able to give contracts for more than 6,000 km this fiscal on getting certain procedural approvals, said the Union Road Transport and Highways Minister CP Joshi on January 28. Under the EPC model (engineering, procurement and construction), the government spends the entire money required to build roads which would be instrumental in attracting builders who are at present shying away from highways projects for want of funds, he said.
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Hyd’s Zohrabi-Dargah stretch to be widened for easy ride
In Hyderabad, motorists travelling to Charminar from areas such as Phoolbagh would become a smooth ride as the process for the much awaited road widening work along the Zohrabi Dargah-DRDL junction stretch has begun. Bottlenecks along the stretch will now be cleared giving way to an 80-feet wide road.
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Road contractors may be given more time to get funds
In a bid to prevent the exodus of private road contractors from highway projects, the Union government plans to extend the time required for road contractors to achieve financial closure. This is in case there is a delay in getting the required government clearances.