Lanco Infratech has struck a deal with the UK´s renewable energy firm Greenko to sell three hydro power assets with a combined capacity of 80 MW. Lanco Hydro Power has agreed to sell off its entire holding in 70 MW Lanco Budhil Hydro Power Project in Himachal Pradesh to Tejassarnika Hydro Energies, a subsidiary and Indian arm of Greenko. Lanco has agreed to divest two small hydro power plants of 5 MW each located in Himachal Pradesh.
Tag: 2014
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Work on new power corridor begins
The UP Power Transmission Corporation (UPPTCL) has initiated a project of laying a new electricity corridor between Mainpuri and Greater Noida. The corridor would be around 400 km long and connect to the under-construction 765 kV substation in Yamuna Expressway area. The transmission corridor will be laid in a PPP mode by UPPTCL along with two private companies.
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NALCO commissions 2nd wind power project
National Aluminium Company (NALCO) has set up its second wind power plant at Ludarva in Jaisalmer district of Rajasthan with a capacity of 47.6 MW. This Rs 283 crore project was executed through Gamesa Wind Turbines, which involved erection of 56 wind turbines, each of 850 kW rating. In the first phase of commissioning, 36 turbines were erected. Now, in the second phase, the remaining 20 turbines have been successfully commissioned.
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bridge maintenance policy
The Bihar Road Construction Department (RCD) is planning to have a bridge maintenance policy on the lines of road maintenance policy. The RCD has constructed 19,000 km of roads and over 12,000 bridges and culverts since 2006. The government is now focusing on the maintenance of these roads and bridges because there has been no such policy so far.
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Karnataka-as new power policy
The Karnataka government will soon announce its new power policy. According to DK Shivakumar, Minister for Energy, Karnataka, the new policy will give thrust on tapping non-conventional energy. He said that the proposed power policy would be an exhaustive one covering all aspects and harnessing solar and wind power to generate electricity under private-public partnership.
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Plan panel to standardise key processes
The Planning Commission is looking at standardising three processes it has developed while working on the 12th Plan, so that the new Commission that would take over after the elections can continue using them.
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CCEA approves modification of food processing infra
The Cabinet Committee on Economic Affairs (CCEA) has approved modifications in the Mega Food Park Scheme guidelines of infrastructure development for food processing. These modifications are envisaged to streamline the implementation of the scheme while retaining its basic nature.
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EIL stake sale
An Empowered Group of Ministers (EoGM) approved the sale of a 10 per cent stake in Engineers India (EIL) through a follow-on public offer (FPO) by the government, which may fetch the exchequer Rs 500 crore. The government plans to disinvest 3.36 crore EIL shares, with up to 5 per cent of the offer reserved for employees. The government plans to raise Rs 40,000 crore by way of disinvestment in the current financial year.
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Gas-fired power projects seek policy sops
The cabinet will consider a proposal to subsidise gas-based power plants to prevent electricity from becoming too costly. The power ministry has circulated a draft note for the cabinet committee on economic affairs (CCEA) for improving the viability of gas-based power generation, which seeks approval to allocate financial subsidy by the government to address the issue of substantial increase in the price of domestic natural gas.
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Security concerns on rail FDI proposal
The Home Ministry and the Department of Economic Affairs (DEA) have cautioned the government on relaxing FDI policy in Railways, citing security concerns, especially with regard to investments from China in this sensitive sector. In its comment on the proposal of the Department of Industrial Policy and Pro-¡motion (DIPP), the Home Ministry said Chinese investments in such a sensitive sector should be viewed with caution.