The Union Government will allow the trusts that run the 12 ports owned by the Union Government to raise rates for port services every year based on market conditions if they adhere to certain performance standards. For this, the Union Shipping Ministry is working out on a plan. Presently, rates charged by these trusts for cargo and vessel-related services are worked out on the basis of a guideline framed in 2005.
Author: admin (Infratructure Today)
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Orissa to pace up coal corridor
To expedite implementation of 143-km Angul-Chhendipada-Talcher common coal corridor taken up at an investment of Rs 8,000 crore, the Orissa government has anno-¡un-¡ced the formation of an eight-member committee, headed by the State Principal Secretary (Industries) Parag Gupta.
Odisha Industrial Infrastructure Development Corporation (IDCO) will implement the project.
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Infrastructure status to Hotel projects
The Centre has extended 'infrastructure' status for all hotel projects, fulfilling a long-pending demand of large hoteliers. This means projects with a capital cost of Rs 200 crore or more will be able to access cheaper funds. The Federation of Hotel and Restaurant Associations of India (FHRAI) said factoring in the contemporary trends in development costs.
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India, China sign MoU
India and China have recently signed a memorandum of understanding (MoU) for mutual benefit on roads and road transportation matters. The two sides have recognised the importance of roads and road transportation in the economic development process of each participant country, within their respective national policy framework.
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CILs divestment
Coal India (CIL) divestment is likely to be finalised in the next one or two months, says Union Coal Minister Prakash Jaiswal. The minister said the Cabinet will take a final call on divesting 5 per cent stake in the world's largest coal producer. The five per cent dilution will fetch nearly Rs 10,000 crore to government exchequer. The Union government currently holds 90 per cent stake in the world's largest coal producer CIL.
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CNGs uniform price
The Union Government is to come out with a uniform Compressed Natural Gas (CNG) pricing across the country. The Union Ministry of Petroleum and Natural Gas is set to come up with a proposal in this regard, said a senior official concerned. The Ministry's plan is to pool in domestic and imported gas used by CNG networks across the country. The ministry is expected to finalise a mechanism for this within the next two months.
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surplus domestic coal Usage
The government-appointed committee is expected to come out with its recommendations soon on the usage of surplus domestic coal from captive mines. The committee is headed by the Planning Commission Member BK Chaturvedi. The Commission Deputy Chairman Montek Singh Ahluwalia said that the Chaturvedi-headed committee will come to a consensus quite quickly.
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Power Grid to take up 4 projects
To launch four power projects, Indian government-owned Power Grid Corporation is to invest Rs 2,820.04 crore. The power transmission major would invest Rs 1,364.52 crore in 'Eastern Region Strengthening Scheme-V' project, with commissioning expected in 30 months, the company said in a regulatory filing on October 30.
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Centre gives clearance for two projects
The Union Ministry of Environment and Forests has given its clearance to the 4,000-MW Cheyyur ultra mega power project in Kancheepuram district and the 1,320 MW Udangudi thermal power project in Tuticorin district of Tamil Nadu.
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KKNP plant generates 200 MW
The first unit of Kudankulam Nuclear Power Project (KNPP) is now generating about 200 MW, states a Power System Operation Corporation (PSOC) report. the KNPP's first unit, which was on a test run, generated 165 MW. The KNPP's first unit was reconnected to the grid late on October 25. By next November.