The High Level Clearance Authority (HLCA) has approved seven projects with investments totalling Rs 41,900 cr. Among the projects cleared was an FDI proposal by Japan based J Green Power Ltd to set up 423 MW gas-based power plant at a cost of Rs 3,106 crore.
Author: admin (Infratructure Today)
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Govt plans project to connect Char Dham
The highways ministry is planning to connect Kedarnath, Badrinath, Gangotri and Yamunotri in Uttarakhand with 889 km of disaster-proof two-lane roads at a cost of Rs 12,000 cr. Detailed project reports are reportedly in the final stages and the ministry is likely to invite bids for road stretches in October.
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Tata Projects eyes smart cities opportunity
Tata Group company Tata Projects Limited has created a dedicated division to tap opportunities generated by the Smart Cities initiative.Ă´A separate division has been created this month,Ă´ Tata Projects VP and Head (smart city business) Gautam Balakrishnan said on the side-ĂÂĄlines of Urban Infrastructure Conclave, 2015.
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Posco needs to file fresh approval
Steel major Posco would have to file a new proposal for setting up its $12-billion steel venture in Odisha if it wants to pursue the project.The company was sounded out at a recent meeting among officials of the Central and state governments
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Govt looking at Rs.3.3 lakh cr investments in transmission
The government is looking at an investment of around $50 billion (around Rs 3.3 lakh crore) in the transmission segment in the next five years. Piyush Goyal, Union Power Minister, said, Ă´In the next six months, at least 12-13 transmission lines are being bid out worth $16 billion. Hopefully, in the next five years, we are looking at an investment of nearly $50 billion.
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NTPCĂ´s first unit in Chatra to start from Feb 2018
The first 660MW unit of NTPCĂ´s Rs 14,300 crore North Karanpura Super Thermal Power Station(under construction) in Chatra district will be commissioned in February 2018 on schedule, NTPC said.
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RBI, Govt to revive distressed utilities
Reserve Bank Governor Raghuram Rajan has said the apex bank is working with the Centre and state governments to revive distressed discoms. Ă´The government is fully cognizant of the problem as are we.
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New gas-based plant at Yelahanka to start in 2018
Next time the thermal power plants in Udupi and Ballari stop production owing to technical problems, Bengaluru may not have to face power cuts. ItĂ´ll be in a more comfortable position once production begins in 2018 at the 350-MW gas-based power plant coming up in Yelahanka.
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PGCIL commissions new line
Power Grid Corporation of India Ltd (PGCIL) has announced the commissioning of the first phase of the North East Region to Agra power transmission link. The line crosses through four states and around 40 rivers. It consists of 7,000 pillars and cost nearly Rs 7,500 crore. The total cost of the project, when all phases are completed with 6,000 MW capacity, will be Rs 12,000 crore.
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Nitin Gadkari launches Green Highways Policy
Union Minister of Road Transport & Highways and Shipping Nitin Gadkari has launched the Green Highways (Plantation, Transplantation, Beautification & Maintenance) Policy, 2015. The aim of the policy is to promote greening of highway corridors with participation of the community, farmers, private sector, NGOs, and government institutions.