The High Level Clearance Authority (HLCA) has approved seven projects with investments totalling Rs 41,900 cr. Among the projects cleared was an FDI proposal by Japan based J Green Power Ltd to set up 423 MW gas-based power plant at a cost of Rs 3,106 crore.
Category: Power & New and Renewable Energy
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Govt looking at Rs.3.3 lakh cr investments in transmission
The government is looking at an investment of around $50 billion (around Rs 3.3 lakh crore) in the transmission segment in the next five years. Piyush Goyal, Union Power Minister, said, Ă´In the next six months, at least 12-13 transmission lines are being bid out worth $16 billion. Hopefully, in the next five years, we are looking at an investment of nearly $50 billion.
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NTPCĂ´s first unit in Chatra to start from Feb 2018
The first 660MW unit of NTPCĂ´s Rs 14,300 crore North Karanpura Super Thermal Power Station(under construction) in Chatra district will be commissioned in February 2018 on schedule, NTPC said.
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PGCIL commissions new line
Power Grid Corporation of India Ltd (PGCIL) has announced the commissioning of the first phase of the North East Region to Agra power transmission link. The line crosses through four states and around 40 rivers. It consists of 7,000 pillars and cost nearly Rs 7,500 crore. The total cost of the project, when all phases are completed with 6,000 MW capacity, will be Rs 12,000 crore.
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Andhra Power Finance Corp defaults in debt servicing
State-run Andhra Pradesh Power Finance Corporation has defaulted in debt servicing on bonds worth Rs 3,100 crore. Sister states AP and Telengana are at loggerheads over who should paying bond holders.
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Shell bets big on India with its second LNG terminal
Royal Dutch Shell, which set up a 5 million tonne LNG terminal at Hazira in Gujarat nearly a decade back, is targeting to grab a bigger share of the growing demand for imported gas in India.
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Angelique: The builder of developing economies in the world
Established in 1996, Angelique International Limited has grown into a an engineering, procurement and construction (EPC) giant with a turnover now nearing $350 million, undertaking turnkey projects in power, water, irrigation and agriculture sectors as well as industrial projects in international markets of Africa, Middle East, Latin America and South East Asia.
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State Discom Problems to be Resolved Soon: Goyal
Resolution of the problems of financially stressed state electricity distribution utilities is èon the cards
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Fee Levied on Parks Behind Price Hike: Power Producers
Power producers have said the fee levied by the government on solar parks has forced them to increase prices by at least 10 per cent
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ISSUANCE OF BONDS CREDIT ENHANCED BY IIFCL
The India Infrastructure Finance Company Limited (IIFCL) announced the issuance of India?s first infrastructure bond issuance Credit Enhanced by it. The rating of these bonds has been enhanced based on first-loss partial credit guarantee by IIFCL under its Credit Enhancement Scheme.