Delhi Metro has been certified by the United Nations (UN) as the first metro rail-based system in the world to get carbon credits for conÂtributing to the fight against climate change by help reduÂcing pollution levels in the city by 6.3 lakh tonne every year.
Author: admin (Infratructure Today)
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Kochi liquid terminal
The Kochi port has shortlisted five companies for setting up the proposed Rs 200 crore multi-user liquid terminal (international bunkering services terminal). The project will be set up on a BOT basis for a period of 30 years.
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Krishnapatnam wins global recognition
Krishnapatnam Port located in the east coast of India has been adjudged the winner in the category of Port Operator Award at the Lloyd's List Awards, Global 2011, which was held recently in London.
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CSL mulls second shipyard
Cochin Shipyard (CSL) may have all factors going for launching a second ship-building facility in Kerala at Vizhinjam. This was alluded to by K Mohandas, Secretary, Union Ministry of Shipping, during his keynote address at the dedication ceremony of the CSL bollard pull test facility at Vizhinjam.
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Cabotage norms to be eased
In a bid to promote transhipment activity at the International Container Transshipment Terminal in Kochi, the shiÂpÂÂping ministry is considering relaxing the cabotage norms. Current cabotage norms allow foreign ships to ply on the coastline of the country only after getting prior licence from the government.
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PAI to invest in Hazira Port
Belgium's Port of Antwerp aims to pick a stake in Essar Group's Hazira Port. It is believed that Port of Antwerp International (PAI) is working with reserves of 25 million and it has already acquired stakes in port projects in Oman and Congo.The move is in keeping with the Belgian company's expansion plans firmed up last year, when it evaluated 20 projects and zeroed in on a few of them to expand its presence out of Europe through equity participation
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PSA-ABG consortium wins bid for JNPT terminal
The Board of trustees of the Jawaharlal Nehru Port Trust (JNPT) decided to award the contract for its fourth container terminal to the consortium of Singapore's PSA and the ABG group in India
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Karaikal Port bags Rs 2bn PE investment
The Bangalore headquartered private equity (PE) firm Ascent Capital has decided to invest Rs 2 billion in MARG Karaikal Port. The funds will be used for the MARG Karaikal Port Phase 2A expansion plans which will enhance the port's capacity from the already plaÂnned expansion of 21 mmtpa to 28 mmtpa and involves an additional capex of Rs 6 billion.
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Crude oil production up
India’s crude oil production rose by 1.6 per cent in August to 3.24 million tonne as higher output from Cairn India operated Rajasthan fields offset the decline at the state oil and gas explorer ONGC’s assets. Cairn’s Rajasthan oilfields produced 542,000 tonne, 1.8 percent more than August 2010. On the other hand, ONGC saw a decline in output by 1.1 percent to 2.03 million tonne.
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Sahara enters O&G sector
The Sahara group has entered the oil and gas sector with the purchase of EnSearch Petroleum Pvt Ltd from Vinay Maloo-promoted Enso Group. EnSearch Petroleum has 13 assets in its portfolio with a net combined acreage of around 33,207 sq. km.