Imperial Energy, which identified the Bazhenov shale formation in its oil and gas block in the Tomsk region of Western Siberia, Russian Federation, plans to develop it with the help of a global energy company. The company, which was acquired by ONGC Videsh in 2009, plans to induct an equity partner to develop the area, which is said to have the worldÂ’s single biggest reser
Author: admin (Infratructure Today)
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Railways takes steps to strengthen financial position
Railways have taken various measures to improve its financial condition, which inter alia, include rationalization of the fare and freight structure taking into account the cost of inputs, introduction of dynamic Fuel Adjustment Component (FAC) in its tariff, proposed setting up of rail Tariff Regulatory Authority (RTRA), prioritizing the projects for better resources utilization, setti
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PCMC expects BRTS project to be ready by Aug 2014
By August 2014, the Pimpri Chinchwad Municipal Corporation (PCMC) aims to complete four of its Bus Rapid Transit System (BRTS) projects in phases. It may be recalled that the civic body is developing four BRTS corridors, one along the Pune-Mumbai highway, the second on Aundh-Ravet, the third on Wakad-Nashik Phata and the fourth on Kalewadi Phata-Dehu Alandi road
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IMF deputy head expects 5.8 per cent economic growth
In 2013-14, the Indian economy may expand 5.8 per cent and in 2014-15 it may grow 6.3 per cent, Naoyuki Shinohara, Deputy Managing Director of the IMF said. This compares to an average growth rate of 8.7 per cent for the five years prior to the global financial crisis, he said
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Andhra CM clears Rs 12 bn worth road projects
Andhra Pradesh Chief Minister N Kiran Kumar Reddy cleared Rs 1,200 crore worth road projects in and around Hyderabad at a recent official-level meeting. The Rs 1,200 crore project involves development of 16 radial roads with a combined length of 195 km to connect the inner ring road and outer ring road in the city
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Govt takes steps to boost coal output
The union government has envisaged that one of the ways forward to reduce the dependence on imports is to devise a Public Private Partnership (PPP) policy framework with CIL as one of the partners in order to increase the production of coal for supply to power producers and other consumers. Accordingly the Ministry of Coal has set up a Committee to devise a PPP Policy framework with CIL as one of the partners in order to increase production of coal
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Bihar govt takes steps to bridge power deficit
Bihar government is taking steps to bridge the power shortage in the state by resorting to open market purchase of power, signing power purchase agreement (PPA) with producers etc. The Bihar State Power (Holding) Company Limited (BSPHCL) signed a power purchase agreement (PPA) with
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IMF deputy head expects 5.8% economic growth
In 2013-14, the Indian economy may expand 5.8 per cent and in 2014-15 it may grow 6.3 per cent, Naoyuki Shinohara, Deputy Managing Director of the IMF said. This compares to an average growth rate of 8.7 per cent for the five years prior to the global financial crisis, he said
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ADB commits $10 bn for projects in India
Takehiko Nakao, the new President of the Asian Development Bank (ADB) informed that the multilateral lending agency would maintain its annual lending at $10 billion (Rs 54,000 crore) to India over the next three years. He said this to media persons at the end of the ADB's 46th annual meeting in New Delhi. He also informed that the bank was facing resource constraints and it wou
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Govt envisages Rs 5 trillion investment in power sector
Union Power Minister Jyotiraditya Scindia outlined the need to resolve all the issues faced by the power sector in order to achieve the total installed capacity target of almost 315 gigawatts by 2016-17. In order to realise this target, the government envisages an investment of about Rs five lakh crore during this