As the Supreme Court churned out more earthshattering decisions for the infra industries in a week than it did in a long while, the court-appointed Central Empowered Committee (CEC) returned with its final report and recommendations to allow 45
Category: Power & New and Renewable Energy
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Solar Energy: Incentivise manufacturing
Greater interest by foreign investors translates to demands for, and greater pressure on, achieving better investment climate, more transparency in rules and procedures that affect investment.
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Energy: Promote captive power
A greater emphasis on captive generation needs to be given. As per CEA a nominal 19,509 MW of captive power capacity exists. Lowering of state and central taxes would give a boost to captive producers.
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Energy: Raise sectoral limits
We hope the Budget will attempt to address the issue of improving the flow of funds by revising the sectoral lending limits of banks, including the power sector in any take–out scheme floated by the government,
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Ports: Address regulatory discrepancies
Infra projects in the country do seem to have been languishing in recent times. As far as the port sector is concerned, too many Policies/Bills/Acts are in the ‘draft/consultation’ stage. The wait and watch situation appears to be prolonged.
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Tariff cut for Rajasthan solar power plants
Rajasthan Electricity Regulatory Commission (RERC) has lowered the tariffs for the purchase of electricity from solar power plants in the state by the state utility.
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Over $100 bn investment in nuke sector expected
Commerce and Industry Minister Anand Sharma expressed hope that the country will see investments in excess of $100 billion in the nuclear power sector alone in the coming two decades. The minister expects that at least a quarter of these will come from France.
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JSPL buys 60% in Gopalpur Ports
Jindal Steel & Power (JSPL) is acquiring 60 per cent stake in Gopalpur Ports. JSPL will buy Sara International’s 50 per cent stake and Orissa Stevedores 10 per cent stake in Gopalpur Ports.
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Private sector investment in IWT
The Prime Minister has iniÂtiated a move to fast track the development and use of Inland Waterways Transport (IWT) involving the private sector and public sector undertakings.
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Reliance Power, Shell plan LNG terminal
Reliance Power and Shell are discussing a plan to form a joint venture to set up first east-coast LNG terminal in India. According to industry sources, the proposed new terminal is expected to involve an investment of Rs 3,000 crore.