The Central government may soon require conventional power project developers to install renewable energy projects within the premises of the fossil fuels based power plants. If the power ministry goes ahead with such a plan, the power project developers may have to set up renewable energy capacity equivalent to around 10 per cent of the conventional power capacity within the premises of the power plant.
Author: admin (Infratructure Today)
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Govt sets up coal regulator
The Union Government has set up a regulatory authority for the coal sector through an executive order recently. The coal regulator will advice the government on principles and methodologies for price determination while state-owned Coal India (CIL) will continue to fix prices, subject to coal ministry's approval.
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UAE, India investment protection pact
According to the Department of Economic Development (DED), India and the UAE are working towards giving the final shape to a Bilateral Investment Promotion and Protection Agreement (BIPPA) to enhance investments between the two countries.The agreement is aimed at driving investments into India from the UAE.
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Privatisation of airports on hold till elections
The Ministry of Civil Aviation will take up the privatisation of six major airports only after the elections, according to a top official in the ministry. A parliamentary panel had opposed the government's decision of privatising six airports in Kolkata, Chennai, Lucknow, Jaipur, Ahmedabad and Guwahati. The government had decided to allow private parties to pick up 100 per cent equity stake in operation and management of these airports.
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Forest clearance cancelled for Chhattisgarh coal blocks
The National Green Tribunal has cancelled the clearance given by the Environment Minister to Parsa East and Kante-Basan captive coal blocks in Hasdeo Arand forests of Chhattisgarh, overruling the statutory Forest Advisory Committee. The forest clearance was given by the then Union Environment and Forests Minister Jairam Ramesh in June 2011.
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New coal, O&G policies in Nagaland
Nagaland has enforced new Coal Policy and Coal Mining Rules. Toward this, the Department of Geology and Mining has issued 17 coal mining leases and 9 small pocket deposit licences to individuals and coal companies. So far, 17 mineral check gates at various exits, two weigh bridges and a rest house have been constructed, according to the annual administrative report of the department tabled in the state assembly.
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GMR to bid for all six airports
GMR Group plans to bid aggressively for all the six airports that the government will privatise. The company does not intend to tie up with any player as it is eligible to bid alone this time.
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GHIAL bags FICCI 2012-13 award
GMR Hyderabad International Airport (GHIAL)has bagged 'FICCI CSR Award-2012-13', for its corporate social responsibility (CSR) initiatives. The award was from FICCI Aditya Birla CSR Centre for Excellence under the winner category in private sector companies.
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Meeting on UMTA
Local bodies and various state government departments stressed the necessities, requirements as well as their limitations in associating with the Kochi Metro Rail Ltd (KMRL)
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Airport to attract $12.1 bn investment
Union Civil Aviation Minister Ajit Singh said the Indian airport sector is likely to attract $12.1 billion worth of investment during the 12th Plan period. Out of this, the minister expects around $9.3 billion from the private sector.