The government unveiled the Rs 500,000 crore Maritime Agenda 2020 involving expanding port handling capacity of the country to three billion tonne from the existing 617 million tonne (mt) along with various policy reforms in the shipping and ports sector.
Tag: India
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Ministry proposes SPV on the lines of DP World, PSA
The shipping ministry has proposed to set up a new special purpose vehicle–Indian Ports Global–that would invest in ports abroad and become a global power in the port sector, worldwide.
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Expansion at Chennai Port
Chennai Port is set to undertake 29 expansion projects entailing investments of Rs 10,000 crore in different stages.
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From 23.18 mt to 71 mt by 2020
Tuticorin port has plans to triple its cargo handling capacity from 23.18 mt to 71 mt by 2020.
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Ennore Board approves public issue, divestment
Ennore Port was granted in-principle approval by its Board to go public.
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Tariff-based competitive bidding on
The mandatory competitive tariff-based bidding for thermal power plants and transmission systems from 5 January, has brought a major change in power sector.
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Coal rush in Mongolia
A dozen bidders including ArcelorMittal and Vale of Brazil are vying for the Tavan Tolgoi coking coal project to develop the world’s largest untapped coking coal deposit in Mongolia.
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Biomass can meet all power requirement of Haryana
According to a study conducted by the Haryana Renewable Energy Development Agency (Hareda), about 1,019 MW of power is enough to make Haryana self-reliant.
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Suzlon, Caparo to develop 1,000 mw wind energy by 2013
Suzlon Energy has signed an order with Caparo Energy (India) (CEIL) to develop 1,000 MW of wind power projects in India by March 2013.
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1,000 MW to beat the heat
Andhra Pradesh government will buy 1,000 MW in March and 800 MW in April to meet demands during summer.