According to source-based information, union power ministry opined that base price of domestic natural gas beyond $5 per mmBtu is unviable for power sector. The ministry is learnt to have said this in a note to the
Cabinet Committee on Economic Affairs (CCEA), which would decide on whether to raise the price of domestically produced gas in line with the reco
Tag: CCEA
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Power ministry expresses views on gas price hike
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Coal regulatory bill
The Cabinet Committee on Economic Affairs (CCEA) would decide on clearing the draft coal regulatory authority bill in a month as the bill received the approval of the Group of Ministers (GoM)
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CCEA may clear fuel pass
In order to enable power plants to pass on the rise in the cost of imported fuel to end consumers, the Cabinet Committee on Economic Affairs (CCEA) may clear the fuel pass through mechanism.
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CCEA to consider Rs 845 cr Vizag Port project
The Cabinet Committee on Economic Affairs (CCEA) would decide on clearing the Rs 845 crore capacity enhancement project in Vishakhapatnam Port. The project involves upgradation of the existing facility and creation of an iron ore handling terminal. The terminal for handling iron ore would be set up on DBFOT (Design, Build, Finance, Operate and Transfer) basis in
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CCEA clears two major port projects
The Cabinet Committee on Economic Affairs (CCEA) approved the setting up of two major ports, one each in West Bengal and Andhra Pradesh. The ports would be set up in at Sagar Island, West Bengal and at Dugarajapatnam in Andhra Pradesh on Public Private Partnership (PPP) mode. According to a government press release, the existing port facilities at Kolkata and Haldia are riverine ports and are f
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CCEA clears Rs 31 bn highway widening project
The Cabinet Committee on Economic Affairs (CCEA) cleared a Rs 3,120 crore project for four-laning of the 155 km Hoshpukur-Falakata-Salsalabari section of National Highway-31D in West Bengal. The project cost includes the cost of Rs 907.60 crore towards land acquisition, re-settlement and rehabilitation and other pre-construction activities. The districts of Darjeeling, Jalpaiguri and Coochbihar in West Bengal are cove
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CCI to address issues on oil and gas blocks
Cabinet Committee on Investment (CCI) would sort out the defence related issues in starting exploration on some of the oil and gas blocks, Planning Commission Deputy Chairman Montek Singh Ahluwalia said. Ministries of defence and oil are asked by the committee to sort out issues like exploration area overlapping with proposed Naval base or being close to missi
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CCEA clears Rs 17 bn port project
The Cabinet Committee on Economic Affairs (CCEA) cleared the Rs 1,707 crore multi-purpose berths and mechanised berths project at Kolkata Port Trust. These projects, which would enhance the port cargo capacity by 23.4 million tonne (mn t), would come up at Haldia Dock II (North) and Haldia Dock II (
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Ministry for restricted price pooling of coal
Reports suggest that the union coal ministry may restrict the proposed coal price pooling mechanism only to power projects getting commissioned after March 2009. In a note forwarded to the Cabinet Committee on Economic Affairs (CCEA), the coal ministry has proposed the limited application policy for price pooling. The CCEA had
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OVL’s $1 bn acquisition plan gets CCEA nod
The proposal of ONGC Videsh (OVL) to pick up the 2.7213 per cent stake of US energy major Hess Corp in the Azerbaijan oilfield received approval from the Cabinet Committee on Economic Affairs (CCEA). According to the plan, OVL would invest $ 1.001 billion to buy 2.7213 per cent stake of the above mentioned firm in Azeri, Chirag and the deep water porti