In Arunachal Pradesh, the three hydro power projects of more than 5,000 mw capacity, undertaken by Naveen JindalĂâs Jindal Power (JPL), are likely to take at least 10 more years to get commissioned. This is mainly on account of delays in getting regulatory approvals and funding. The proposed run-of-the-river projects, with envisaged investments of nearly Rs 50,000 crore, include the 3,097 mw Etalin project, the 680 mw Attunli project and the 1,600 mw project at middle Subansiri.
Author: admin (Infratructure Today)
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PFC may buy stake in NCC-Gayatri plant for Rs 200 cr
The Power Finance Corporation is close to sealing its maiden equity deal by buying a stake in the 1,320 mw coal-based power plant owned jointly by Hyderabad-based companies-NCC and Gayatri Projects. PFC aims to buy 10-15 per cent stake for Rs 200 crore in the NCC-Gayatri project that is being set up at a total cost of Rs 7,000 crore at Krishnapatnam in Nellore district of Andhra Pradesh.
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Meet on funding Jaitapur nuke plant to be held in France
To provide funds for development of 9,900 mw Jaitapur nuclear power project in Maharashtra, Nuclear Power Corporation (NPC), Areva and French banks and financial institutions will negotiate terms and conditions to provide funds for the development of 9,900 mw Jaitapur nuclear power project in Maharashtra. The meeting is scheduled to be held on June 5 & 6 in France.
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Jindal, IL&FS keen to partner NMDC for UP power plant
Jindal Power and IL&FS Energy Development Company have individually evinced interest to partner NMDC in setting up a 2X250 mw thermal power plant in Uttar Pradesh at an estimated cost of Rs 2,000 crore. Jindal Power and IL&FS Energy Development Company have shown interest to be a joint venture partner of NMDC for its proposed power plant in Uttar Pradesh.
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Delhi CM asks Ambani to supply power round-the-clock
The Delhi Chief Minister Sheila Dikshit has asked Anil Ambani, Chairman of Reliance Infrastructure, which runs two power distribution companies, to take steps to 'rectify' the power outage problem in the city and ensure round-the-clock electricity supply. The Delhi CM is worried about the long power outages, especially before the assembly polls. In a letter to Ambani, Dikshit said the power supply by BSES Yamuna Power (BYPL) and BSES Rajdhani Power (BRPL)- has worsened in the city contrary to ex
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CIL raises prices by 5%, power tariffs may go up
Coal India (CIL) has increased prices by 4.7 per cent on average, a move that power producers say is likely to lead to an increase in power tariffs by 7 paise per unit to 45 paise. CIL on Tuesday reduced prices of two premium varieties of coal by 12 per cent while increasing prices of the rest, barring one, by 10 per cent. It had last increased prices in January 2011.
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Neyveli power plant expects to get land
Lignite mining-cum-power generator Neyveli Lignite Corporation (NLC) is hopeful of getting around 59 hectares of declassified forest land so that its 1,000 mw power project in Tuticorin can proceed without hitch. The land was obtained from the Tuticorin Port Trust. Long back some portion of the land was classified as forest land though there is no forest there, Chairman and Managing Director B Surender Mohan said.
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PM to inaugurate Mughal Road on June 25
In Jammu and Kashmir, the Prime Minister Manmohan Singh is scheduled to inaugurate the Mughal Road later this month. However, the work on the historical road project connecting Border Districts of Poonch and Rajouri with Kashmir is not fully complete. The Prime Minister is scheduled to inaugurate the road on June 25.
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Chennai’s multi-crore road project faces more delays
A delay by Chennai Metrowater in shifting water main line running beneath Manali Oil Refinery Road (MORR), is threatening to push the deadline of the Rs 600-crore Ennore-Manali Road Improvement Project in north Chennai. The project envisages widening of four arterial roads in the northern neighbourhoods. National Highways Authority of India (NHAI) said the body had paid Metrowater to shift the line and the water agency had already laid a new line.
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ICCT Vallarpadam to get highway connectivity by 2014
It will take one more year to provide highway connectivity to International Container Transshipment Terminal (ICCT) Vallarpadam in Kochi, which is expected to give a major boost to the country's trade. Despite its strategic importance, the project that was scheduled for completion in early 2010, is now expected to be commissioned by 2014.