The Karnataka government will soon announce its new power policy. According to DK Shivakumar, Minister for Energy, Karnataka, the new policy will give thrust on tapping non-conventional energy. He said that the proposed power policy would be an exhaustive one covering all aspects and harnessing solar and wind power to generate electricity under private-public partnership.
Author: admin (Infratructure Today)
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Plan panel to standardise key processes
The Planning Commission is looking at standardising three processes it has developed while working on the 12th Plan, so that the new Commission that would take over after the elections can continue using them.
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CCEA approves modification of food processing infra
The Cabinet Committee on Economic Affairs (CCEA) has approved modifications in the Mega Food Park Scheme guidelines of infrastructure development for food processing. These modifications are envisaged to streamline the implementation of the scheme while retaining its basic nature.
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EIL stake sale
An Empowered Group of Ministers (EoGM) approved the sale of a 10 per cent stake in Engineers India (EIL) through a follow-on public offer (FPO) by the government, which may fetch the exchequer Rs 500 crore. The government plans to disinvest 3.36 crore EIL shares, with up to 5 per cent of the offer reserved for employees. The government plans to raise Rs 40,000 crore by way of disinvestment in the current financial year.
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Gas-fired power projects seek policy sops
The cabinet will consider a proposal to subsidise gas-based power plants to prevent electricity from becoming too costly. The power ministry has circulated a draft note for the cabinet committee on economic affairs (CCEA) for improving the viability of gas-based power generation, which seeks approval to allocate financial subsidy by the government to address the issue of substantial increase in the price of domestic natural gas.
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Security concerns on rail FDI proposal
The Home Ministry and the Department of Economic Affairs (DEA) have cautioned the government on relaxing FDI policy in Railways, citing security concerns, especially with regard to investments from China in this sensitive sector. In its comment on the proposal of the Department of Industrial Policy and Pro-¡motion (DIPP), the Home Ministry said Chinese investments in such a sensitive sector should be viewed with caution.
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Major ports to get new tariff structure soon
Aimed at making the major ports competitive, the Shipping Ministry has proposed for freedom to fix tariff in tune with market forces. Seeking comments from stakeholders on ´Revised Guidelines for Determination of Tariff for Major Ports, 2014´, the Ministry has said the reference scale of rates (RSOR) for commodity/containers, vessel-related services and various miscellaneous services or combination of services as the case may be, shall be notified by Tariff Authority for Major Ports (TAMP ) for
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APSEZ closer to Dhamra deal
The Adani Group is a step closer to acquiring Odisha´s Dhamra port, which secured the environmental clearance from the government.
As its management consultant, the Adani Port and Special Economic Zone (APSEZ) already looks after the operations of the port, which is a 50:50 joint venture between L and T and Tata Steel. APSEZ´s Rs 5,000-crore deal is likely to be completed by early next month.
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Wartsila to supply LNG terminal to Finland
Wartsila , a leading global supplier of power plant and ship power solutions and services, has signed a turnkey contract to supply a liquefied natural gas (LNG) receiving terminal to be built in Tornio, northern Finland. The contract, valued at approximately EUR 100 million, has been made with Manga LNG Oy, a joint venture between the Finnish companies Outokumpu Group, Ruukki Metals Oy, Gasum Oy and EPV Energy.
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Floating cranes at VOC port
The VO Chidambaranar Port Trust, Tuticorin, has issued a letter of intent (LI) for grant of licence for deployment of floating cranes at the port´s water limits for 10 years for handling cargo in vessels at the anchorage, transport of cargo through barges and handling cargo at shore. The port trust has issued the LI to Seaport Logistics.