The year 2016 seems promising for the ailing infrastructure sector, but it needs to be driven by proactive action.
Tag: EPC
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Hit by the HAMmer
The Hybrid Annuity Model (HAM) unveiled with great fanfare earlier this year was expected to set off the next wave of award of PPP highway projects. The intent and purpose of introducing HAM, as a hybrid of EPC and BOT (annuity) formats, was noble and deserves to be lauded: to moderate risks faced by highway developers and to provide financial support during construction.
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In this regime, roads have taken a quantum leap
The government is taking only the EPC cost as the DPR cost. They are not adding other things like interest on annuity or the interest difference when we do the financing of the project.
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Ashoka Buildcon, Bhartia Infra consortium bags road project
Ashoka Buildcon Ltd along with Bhartia Infra Projects Limited (consortium) had bid for the project viz. two laning of Pasighat - Mariyang - Yingkiang (NH 513) from Singer river to Sijon river section 19.880 km to 43.257 km (length 23.777 km) in Arunachal Pradesh under Arunachal Pradesh package of SARDP-NE on EPC basis issued by National Highways Infrastructure Development Corporation Limited (NHIDCL).
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LNG more viable than coal
India is already among the worldĂ´s largest energy consumers. Urbanisation, industrialisation, and the governmentĂ´s commitment to 24 x7 energy access for all imply that our need for power will continue to grow.
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EPC contractual issues
One of the major costs in an infrastructure project is the tax cost that a project has to bear on account of various indirect taxes, viz., the value added tax, works contract tax, service tax and many other similar taxes. Typically, in most of the infrastructure projects, the owner awards a turnkey contract to one party known as the engineering, procurement and construction (EPC) contractor.
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Hybrid modes of implementation
The Central government approved Smart Cities Mission involves the development of one hundred smart cities in India. One of the most important elements of smart city infrastructure is economical and environment friendly mass scale rapid public transport system.
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Govt to award 10,000 km of NH for development
The major policy initiatives of MoRTH in recent past are as follows:
Exit Policy: The cabinet recently allowed private developers to exit all operational BOT projects two years from start of operations.
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Skilling construction in India
The Skill India initiative is expected to take a while before some measurable outcomes would be evident. The issues are connected with skill building and span across sectors. There has been a long overdue need to undertake measures to bridge
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Make in India has created a revolution in the RE sector
Kuldeep Kumar Jain, COO-EPC, Vikram Solar Pvt Ltd, believes that the future is bright and the opportunity immense for India to become a global leader in solar energy.