For setting up a 220 MW gas-based power plant at Raigad in Maharashtra, GAIL India has received environmental clearance. The government-owned firm plans to use one million standard cubic metre per day of natural gas to generate 220 MW of electricity at the proposed combined cycle power plant. The plant is being installed at a cost of Rs 1,028 crore. The power generated at the plant will be sold to Maharashtra.
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PPT invites pvt investments
Paradip Port Trust (PPT) intends to expand its operations and invites firms to invest in erection and commissioning of facilities to handle liquid bulk cargoes such as mineral oils and vegetable oils. PPT will provide the necessary land of five acre to each private investor to erect storage tanks and associated infrastructure for cargo handling and provide ´right of way´to lay pipelines from the oil jetty to tanks.
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Petronets Dahej terminal to get $150 mn ADB loan
To enable Petronet LNG to increase its terminal capacity in Gujarat, the Asian Development Bank (ADB) is to provide a $150 million loan. ADB said that the expanded terminal will help India move towards its target of greater natural gas use and enhancing its energy security and shifting to cleaner forms of energy.
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Captive coal blocks under production
Coal sector witnessed a number of initiatives during 2013 to augment coal production and supply. Regular reviews of captive coal blocks were held by Inter-Ministrial Group to expedite their development, fuel supply agreements were signed with power sector and setting of coal regulator approved.
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Adani Ports begins to handle liquid cargo at Hazira
In Hazira port in South Gujarat, Adani Ports & Special Economic Zone private Limited (APSEZ) has initiated handling of liquid bulk cargo. The company's subsidiary Adani Hazira Port Pvt Ltd (AHPPL) has been handling the cargo, the company said.
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Hurdles galore for DMIC
The Delhi-Mumbai Industrial Corridor, which promises to be the lynchpin of industrial, urban and infrastructural development in the western hinterland of the country, may miss the 2018 deadline by a mile. Apart from land acquisition, financing problems have now emerged as the Japanese partners seem increasingly concerned about the Indian government's implementation capabilities.
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Redrafted MCA The roads beckon … again
The Model Concession Agreement (MCA) for National Highway development, which attracted aggressive bids soon after it was revised in 2009, was more of a first draft that also led to delays, disputes and project exits. As a cascading effect, this has resulted in fewer takers for new projects. Janaki Krishnamoorthi examines the revisions that are due in the MCA for highways.
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Critical insurance covers for roads and highways
Each road project is unique in terms of the risks and challenges it encompasses and thus the approach towards each project including the risk management shall also have to be equally unique in order to effectively address the risks involved. Vikash Khandelwal discusses the various types of insurance that cover for roads and highway projects.
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NHPCs project cost may escalate to Rs.12,000 cr
Following delays, the total cost of NHPC´s Subansiri project in Assam is likely to be around Rs 12,000 crore, nearly double than envisaged initially. The original cost of the project was Rs 6,285 crore. NHPC is executing the 2,000-mw Subansiri hydel plant in Assam. Sources in NHPC said that local issues, contractual issues, geological surprises, delay in decision making and poor risk-taking assessment have impacted the progress on the Subansiri project.
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Big projects to miss deadlines
For the current financial year, the government will not meet its infrastructure investment target as hardly any progress made in five of the nine projects identified by the Planning Commission in consultation with the Prime Minister´s Office (PMO). In this background, the PMO has been suggested to review the infrastructure targets set in June based on the progress on each of the identified projects.