GAIL (India) has stated that India would soon have a green corridor wherein vehicles can
opt to run on natural gas. The proposed green highway from Jalandhar-Ludhiana to Bangalore will provide opportunities to inland transportation to operate on natural gas vehicles by expanding the
reach of compressed natural gas (CNG) beyond cities.
Tag: December
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Green highway
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Rs. 40,000 cr oil refinery, trading hub in Kochi port
As part of an ambitious deep-water outer harbour project, the Union government-owned Cochin port in Kerala has started work on setting up a 20 million tonne export- oriented oil refinery and oil trading hub with private funds. The port is planning 16-m depth outer harbour, so large petroleum product tankers with a capacity to load 1,30,000 tonne can dock.
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Tata Cleantech to fund renewable projects
With the costs increased for coal-based power, Tata Cleantech Capital may fund as much as Rs 2,500 crore ($401 million) on renewable and energy-efficiency projects in India. The combined cost of grid power and diesel generators that many companies use nowadays is higher than solar, the company reasoned for its move to fund renewable energy projects. The Tata Cleantech Capital has been set up jointly by Tata Capital and International Finance Corp.
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New fiscal products needed
To ensure proper arrangements for repayments or refinance for infrastructure projects, there is a need to design new fiscal products, according to State Bank of India Chairperson Arundhati Bhattacharya. Presently, majority of infrastructure projects in the country are financed with 8-10 year term loans, while the assets have a life of at least 25 years. This led to front-loading of repayments, Bhattacharya said
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CDC Group investments
The UK governmentĆĀ“s evelopment finance institution CDC Group will step up its investments in India despite a slowing economy, stalled reforms and a hyper-competitive private equity landscape, dotted with few exits and dismal returns. CDC has invested $260 million through five transactions in six weeks. Most of this has been through its traditional role as a ĆĀ“fund-of-fundsĆĀ“ investment firm which invests in other private equity funds.
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Tata Power to raise Rs.5,000 cr in 3 years
In the next three years, Tata Power is exploring various options to raise around Rs 5,000 crore in the next three years. Tata Power has an installed generation capacity of over 8,500 MW. The company has also embarked on ambitious expansion plans, including setting up projects in Vietnam and Georgia. For raising funds, the power utility has said that it is studying all possible options.