According to the ‘Draft Guidelines,’ released by the Union Ministry of New and Renewable Energy, it proposes to fix a tariff of Rs 5.45 per kwhr for solar power projects that would be awarded under the Phase II of the National Solar Mission. The Draft Guidelines released on April 22. Those who want to put up solar power projects will now be asked for bid for ‘viability gap funding’ that would be given by the government.
Author: admin (Infratructure Today)
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Bihar leads in policy on renewable energy: Report
Greenpeace has released its assessment report on Renewable Purchase Obligation (RPO) titled Powering Ahead on Renewables: Leaders and Laggards', which ranks all the states on their performance in renewable energy supply and calls for revision of RPO mechanism based on equity principle. Bihar takes the lead on a constructive policy on renewable energy, the report said.
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Noida Authority opens 1st bridge to tide over traffic chaos
Noida Authority has wrapped up the widening work of the first of the five bridges on Shahdara drain between Film City and Mahamaya Flyover. On April 22 one of the carriageways of the bridge was opened to traffic. With this its a relief to thousands of commuters who travel to Noida-GreaterNoida from the DND Flyway and from east Delhi.
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RBI liberalises overseas investment norms for state-run oil firms
Reserve Bank of India (RBI) allowed state-run oil explorers to invest in their incorporated overseas entities without any limits under the automatic route. It may be recalled that earlier, the navratna public sector undertakings (PSUs) like OVL and OIL were allowed to invest in overseas unincorporated entities only. But the central bank liberalised the existing norms to enable these firms to invest in the incorporated JV/WOS in oil se
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RIL may invest Rs 1.5 trillion in core businesses
Media reports indicate that the various businesses of Reliance Industries (RIL) may get Rs 179,000 crore investment in the next five years. Of the total amount, the firm may invest about Rs 151,000 crore towards core oil, gas, refining and petrochemical sectors in the next five years; the rest would go towards the t
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JSPL aims to be third largest steel maker in 2 yrs
Jindal Steel & Power (JSPL), which is currently the country's sixth-largest steel producer, plans to climb to the third slot by 2015. By 2015, the firm reportedly aims to raise its steel capacity to 14 million tonne per annum (mtpa) and pellet (direct reduced iron) capacity to 14.5 mn tpa. The firm plans to set up a 6 mn tpa steel plant in Angu
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IIFL gets Rs 628 crore commitment for AIF
The IIFL Income Opportunities Fund of the diversified financial company India Infoline received commitment of Rs 628 crore. The IIFL Income Opportunities Fund is an alternate investment fund (AIF) of the company and according to the company press release it is the country's largest AIF fund raising till
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RBI has not received any application for banking license
Union Minister of State for Finance Namo Narain Meena informed Rajya Sabha that as on date no application for licence under the new banking guidelines was received and no licence has been granted under these new guidelines. On February 22, the central bank released ‘Guidelines for Licensing of New Banks in Private Sector’ to promote financial inclusion and further infuse comp
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Cargo operations to begin at Mangalore airport from May 1
From the air cargo complex at Mangalore airport, air cargo operations will begin on May 1, JT Radhakrishna, Director of Mangalore International Airport has said. The air cargo complex at the airport was inaugurated by the Union Civil Aviation Minister Ajit Singh on March 18.
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India, UAE tie-up on air services
Following a two-day bilateral negotiation at Abu Dhabi on April 24 India and United Arab Emirates (UAE) signed an MoU on air services. The UAE had urged India to allocate additional 40,000 seats per week, grant Goa, Pune, Amritsar and Lucknow as additional points of calls, remove the maximum cap prescribed from each point of call in-term of seats/ frequency per week and allow 3rd country /domestic code share facility.