To ensure proper arrangements for repayments or refinance for infrastructure projects, there is a need to design new fiscal products, according to State Bank of India Chairperson Arundhati Bhattacharya. Presently, majority of infrastructure projects in the country are financed with 8-10 year term loans, while the assets have a life of at least 25 years. This led to front-loading of repayments, Bhattacharya said
Author: admin (Infratructure Today)
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Tata Cleantech to fund renewable projects
With the costs increased for coal-based power, Tata Cleantech Capital may fund as much as Rs 2,500 crore ($401 million) on renewable and energy-efficiency projects in India. The combined cost of grid power and diesel generators that many companies use nowadays is higher than solar, the company reasoned for its move to fund renewable energy projects. The Tata Cleantech Capital has been set up jointly by Tata Capital and International Finance Corp.
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ONGC starts shale gas operations
ONGC has started drilling of shale gas at the Kanteri village in Barkagaon police station area of Hazaribag district. Corporate Communication Chief of ONGC, Bokaro, R Prasad said that in other parts of the world like the US shale gas wells have started in large scale but in India it will be a new experiment at Kanteri. Under this procedure, gas wells will be made by drilling the rocks on the hills of the Barkagaon region. Prasad said ONGC is at present operating in four districts in Jharkhand -
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Rs. 40,000 cr oil refinery, trading hub in Kochi port
As part of an ambitious deep-water outer harbour project, the Union government-owned Cochin port in Kerala has started work on setting up a 20 million tonne export- oriented oil refinery and oil trading hub with private funds. The port is planning 16-m depth outer harbour, so large petroleum product tankers with a capacity to load 1,30,000 tonne can dock.
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Green highway
GAIL (India) has stated that India would soon have a green corridor wherein vehicles can
opt to run on natural gas. The proposed green highway from Jalandhar-Ludhiana to Bangalore will provide opportunities to inland transportation to operate on natural gas vehicles by expanding the
reach of compressed natural gas (CNG) beyond cities.
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Cairn India oil output
Cairn India will explore ways to double oil output to 400,000 barrels a day from about 200,000 barrels. In January 2013, the government approved the company´s plan to raise production to a peak rate of 300,000 barrels a day and next month allowed it to explore for
new oil deposits in Rajasthan.
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RWE opens Indian office
German utility RWE has opened an office in Mumbai to strengthen the Asian presence of its trading subsidiary RWE Supply & Trading, focusing on coal, liquefied natural gas (LNG) and fertilisers. The new office was officially opened this month, adding to the trading division´s existing operations in Singapore and Indonesia.
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Joint LNG procurement
India and Japan, two biggest buyers of liquefied natural gas (LNG), will in next three months look at buying the fuel jointly so as to hammer down high prices. The two nations had in October last year agreed to carry out a joint study to examine ways to mitigate increasing import costs in Asia as well as to maintain stable supplies of LNG to the region.
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Nine firms in fray for Rs.24,000 cr Orissa power project
For the 4,000 MW ultra mega power project (UMPP) at Bhedabahal in Orissa, nine power developers have submitted their initial bids (request for qualification or RFQ).
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Nine firms in fray for Rs.24,000 cr Orissa power project
For the 4,000 MW ultra mega power project (UMPP) at Bhedabahal in Orissa, nine power developers have submitted their initial bids (request for qualification or RFQ).