Sprng Energy supplies solar, wind power to discoms in India
When Indian Prime Minister Manmohan Singh visits China in October next, India and China are set to sign an agreement for cooperation in the road and transport sector. The areas of cooperation have been identified and agreed by both the sides and these include sharing the best practices in road building technology and road safety related issues. China has made huge progress in building world class highways and over 60,000 km of expressways.
To upgrade 254 kilometres of highways, which are in a very bad condition in northern and southern Bihar, the Union government has signed an agreement with the Asian Development Bank (ADB) for $300 million additional loan. The additional financing for the ongoing Bihar State Highways-II Project will widen the sections of existing four highways to two lanes, build and maintain bridges and repair the pavements.
In China, Qingdao Port (Group) Company and Lianyungang Port Group Company have got into an agreement to expand their strategic cooperation in iron ore businesses and build iron ore logistics system. Yard capacity at Qingdao port and Lianyuangang port is 15 million tonne and 7 million tonne respectively.
GAIL India wants Petronet LNG to renegotiate the pricing agreement it signed for importing LNG from Australia's Gorgon project. Petronet LNG signed the agreement in August 2009
and under this, the company would import 1.44 million tonne per annum of liquefied natural gas (LNG) at a
SP Ports Pvt Ltd and Hindustan Petroleum Corp (HPCL) would soon sign a 50:50 joint venture agreement for setting up a liquid natural gas (LNG) terminal at Chhara in Gujarat. The state-run HPCL and the Shapoorji Pallonji group company would invest about Rs 5,000 crore on the terminal project, which is intended to
AP Choudhary, Chairman and Managing Director of Rashtriya Ispat Nigam (RINL) said the firm would enter into an agreement with the AP Mineral Development Corporation (APMDC) to set up an iron ore and steel plant at Bayyaram in Khammam. He informed reporters that the firm almost completed formalities with regard to the agreement. Meanwhile, Kudremukh Iron Ore Company (KIOCL) would invest about Rs 1,000 to Rs 1,500 crore to set up beneficiation and pellitization plants of 1.2 million tonne per annu