The Asian Development Bank (ADB) will extend a loan of $750 million for the national power transmission improvement project of Power Grid Corporation of India. The loan will finance the project for bulk transmission of 3,000 MW of electricity from independent power producers in Chhattisgarh to areas in the north, including Delhi.
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$750-mn ADB loan for Powergrid project
Power Grid on a roll
The new Chairman and Managing Director of Power Grid Corporation of India follows good examples before him and therefore, as he steps into his predecessor SK Chaturvediâ€™s shoes, he also enters the new challÂenge of rural transmission and new and replacement technology such as high voltage (HV) cabling and smart grids.
ADB loan to Railways
The Asian Development Bank (ADB) would extend loans of up to $500 million to Indian Railways to improve services along some of the busiest freight and passenger routes.
Setback for Chhattisgarh UMPP
The 4,000-MW Chhattisgarh ultra mega power project (UMPP) in Sarguja received a major bow.
Ultra mega steel projects on anvil
The Ministry of Steel is planning to set up ultra mega steel plants (UMSPs) on fast track in mineral-rich states.
As the pace of power generation heats up, the race to be king is likely to be ongoing, with players overtaking each other within short periods.
NMDC to acquire coal mine
NMDC's has moved closer in its bid to acquire a coal mine in the US which will feed its proposed steel plants in India.
Indian equipment for UMPPs
A committee headed by Planning Commission member Arun Maira, studying the proposal to make it mandatory for bidders of future ultra mega power projects (UMPPs) to buy only Indian equipment is likely to submit its report soon.
NTPC floats tender to source super-critical equipment
NTPC will float tenders worth Rs 17,000 crore this month-end for sourcing super-critical equipment.