The Tamil Nadu Electricity Regulatory Commission (TNERC) has put up a draft consultative paper proposing to increase the state´s share of solar power under the renewable purchase obligation (RPO) from 0.25 per cent to 2 per cent. This means that the state electricity utility will have to buy more solar power than earlier. All states in India have to adhere to RPO norms, which say that a part of the electricity utility´s power should come from renewable sources.
Author: admin (Infratructure Today)
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Bank lending to infrastructure projects gets a push
The Corporate Affairs Ministry has for now removed a recent legal barrier that sought to thwart infrastructure lending by banks. Now banks can continue infrastructure lending to special purpose vehicles on the strength of the guarantees or security provided by a holding company.
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Cabinet note on coal for captive plants
The Planning Commission has circulated a Cabinet note seeking to implement the recommendations of the BK Chaturvedi Committee to ensure coal supply for captive power plants (CPPs). The note for consideration of the Cabinet Committee on Investment (CCI) suggests that the Coal Ministry sign initial pacts as envisaged to provide coal to consumers, including CPPs, which cannot be covered with letters of assurances or fuel supply agreements, Coal Ministry sources said.
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Decision on FDI policy in Railways soon
Commerce and Industry Minister Anand Sharma said that the Cabinet will soon take a view on liberalising foreign direct investment (FDI) policy in railways sector. The department of industrial policy and promotion (DIPP) has proposed to allow 100 per cent FDI in high-speed train systems, suburban corridors, high-speed tracks and freight lines connecting ports and mines. However, existing passenger and freight network operations will not be opened to foreign investors.
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Allcargo Chairman wins award
Allcargo Logistics Founder and Executive Chairman Shashi Kiran Shetty has been felicitated by Chemtech Foundation in its annual ´Leadership and Excellence Awards 2014´ held in Mumbai. He has been conferred with the prestigious ´Business Leader of the Year´ award in the Logistics category. Shetty has been honoured with this award for his visionary leadership in redefining India´s logistics landscape and making Allcargo a truly multinational organisation.
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Delta showcases display solutions at ISE 2014
Delta showcased its state-of-the-art display solutions at ISE 2014, Amsterdam, The Netherlands from 4-6 February 2014. The Delta booth was spacious and elegantly designed, with vivid image of Delta´s brand promise ´Smarter. Greener. Together´ and demonstration of its new ultra slim series video wall, IP based controller - DVCS (distributive vision control system) and embedded controller -MiNiCON, and the compact, lightweight Wide Xtreme megapixel display. Delta´s ultra slim series video wall sho
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GMR completes divestment of GUEPL
The GMR Group has announced the successful completion of the divestment of its majority stake (74 per cent) in GMR Ulundurpet Expressways Private Limited (GUEPL) to India Infrastructure Fund (IIF). IIF has earlier emerged as the successful bidder in buying majority stake in GUEPL, which attracted strong interest from several major investors in India and abroad. GMR and IIF had signed a definitive agreement on 17 September 2013 and the transaction was concluded on 17 February 2014, upon receipt o
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Kidde Fenwal launches gas-suppression products
As a global fire-safety leader, Kidde Fenwal is introducing a new line of FM-200-« gas-based fire-suppression systems. It is also offering an extended range of 25- and 42-bar cylinders approved by Underwriters Laboratories (UL) and VdS, an independent fire-safety inspection and certification company, for the FM-200 line and the new Kidde Novec 1230-Ö systems launched earlier this year. This makes UTC Building and Industrial Systems the first company to supply both UL-approved 25-bar and VdS-appr
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Adhunik bags Award
Adhunik Metaliks has bagged Greentech Environment Excellence award 2014 for the third consecutive year. The award was presented in ´Gold Category´ in Metals and Mining Sector. In the previous years (2011 and 2012), the company has bagged the same award in silver category. Adhunik Metaliks Rourkela plant has won this award from Greentech Foundation for their excellence in environment management.
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Nominations open for PMI awards
The best projects of 2013 would be acknowledged and rewarded at PMI´s Project Management Awards which will be held in Hyderabad. The Project Management Awards are one of the most coveted honour in project management field and will be presented during the PMI India Project Management National Conference 2014. These awards are presented every year and are judged by a group of experienced project practitioners having an expertise in project management domain.