As a development finance institution (DFI), the National Bank for Financing Infrastructure and Development (NaBFID), will facilitate cheap capital for public works programmes and projects, says Vinayak Chatterjee, Chairman, Feedback Infra Group & Chairman, Confederation of Indian Industry (CII), National Council on Infrastructure. Like the DFIs created by policymakers in the 1950s for making industrial capital accessible,...
Tag: Damodar Valley Corporation
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Damodar Valley Corporation fails to clear strategic investor plan
The Damodar Valley Corporation board has failed to invite Expressions of Interest for a strategic investor in the proposed 2,500-MW Raghunathpur power plant at Purulia.
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Karnataka signs PPAs
The Karnataka Government has signed two long-term power purchase agreements (PPAs) for 992 MW with Damodar Valley Corporation (DVC) and Nuclear Power Corporation of India Ltd (NPCIL). The agreement with DVC is for 450 MW at Rs 4.40 per unit and with NPCIL for 442 MW from the Kudankulam nuclear power plant at Rs 3.30 a unit.
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Huge coal shortfall estimated in 10 years
The government has admitted that the country would face a huge shortfall of 269 mt of coal by 2021-22 as the coal producing entities had failed to keep pace with the demand as well as economic growth.
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DVC likely to mop up Rs 640 cr thru bond issue
Damodar Valley Corporation (DVC) will enter the domestic debt market with a seven-year bond issue to mop up Rs 640 crore through book building method to part fund a number of generation and transmission and distribution projects.