To complete its 1,200 MW independent power plant (IPP), presently under construction in Tuticorin, Dubai-based Coal and Oil (C and O) Group has secured additional funding of approximately Rs 1,600 crore from Indian public sector banks including the State Bank of India. The power project, which is being developed at a cost of around Rs 6,800 crore is developed by Coastal Energen, the power generating flagship company of the Coal & Oil Group.
Tag: India
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Natural gas imports at 8.66 mmt
India imported 8.66 million metric tonne (mmt) of natural gas during April-November 2013 period of current fiscal at a cost of $4182.33 million. Also, India is pursuing Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project, to get natural gas supply from Turkmenistan via Afghanistan and Pakistan.
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Energy conservation awards
President Pranab Mukherjee handed over the prizes to several industrial units and other establishments for their innovative efforts in enhancing their energy performance. The awardees represented industries, thermal power stations, office buildings, hotels, hospitals, shopping malls, etc.
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Gujarat Gas in pact with GSPC
Gujarat Gas Co (GGCL) has executed a long-term gas supply contract with its parent Gujarat State Petroleum Corporation (GSPC) for the purchase of 0.65 million metric standard cubic metre per day (mmscmd) for next 12 years. Under the agreement, GSPC will supply imported re-gassified liquefied natural gas (R-LNG) to GGCL from 1 January 2014 up to 1 July 2025. The move is seen as a major relief for GGCL, as it will get assured gas supply for a long period.
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Bureaucratic reform is the answer
This Welcome to the year of the elections! In this issue, we have endeavoured to examine what the year holds for the infrastructure industry. There seems to be optimism in the air.
Recently, the industry unequivocally hailed Congress Vice President Rahul Gandhi´s speech at the Confederation of Indian Industry (CII) last month. Gripping, pointed and purposeful, Gandhi´s oratory skills looked transformed. Unlike most politicians´ and most industrialists´, his vision is a mix of short- and long-
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Road developers not keen despite govt’s initiatives
IndiaÂ’s highway construction policy has reached a dead end in meeting the targeted 20 km of road a day. This has been indicated as the National Highways Authority of India (NHAI) has drawn a blank in auctions of road stretches this year.
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Rethink on premium highway restructuring
The C Rangarajan Committee, which was set up in October this year, made some key recommendations to be submitted to the Highway Ministry that include rescheduling of premium that road developers are liable to pay to the National Highway Authority of India (NHAI) and some breather from penalty norms.
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Rethink on premium highway restructuring
The C Rangarajan Committee, which was set up in October this year, made some key recommendations to be submitted to the Highway Ministry that include rescheduling of premium that road developers are liable to pay to the National Highway Authority of India (NHAI) and some breather from penalty norms.
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Essar Ports enters into Concession Agreement with Visakhapatnam Port Trust for development of three iron ore berths
Essar Ports Ltd. (Essar Ports), part of the $39 billion Essar, today announced that Essar Vizag Terminals Ltd., a wholly owned subsidiary of the company, has entered into a Concession Agreement with Visakhapatnam Port Trust for development
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Cargo throughput up by 2.59% to 277 mt
In India's major ports the cargo throughput grew 2.59 per cent to 277 million tonne (mt) in first half of the present financial thanks to the growth at Ennore, Paradip and New Mangalore, said the agency Icra on December 11. Coal imports, petroleum oil and lubricants (POL), and fertilisers drove the volume growth, while iron ore and container volume dragged the overall growth, Icra said.