Jharkhand plans to lay transmission lines at an investment of Rs 1,600 crore and has roped in PowerGrid Corporation of India (PGCIL) as consultant for the project.Key private power companies such as Reliance Power,Abhijit group, Adhunik group and the Damodar Valley Corporation (DVC) are expected to produce around 7,000 mw in the next 3-4 years.
FlashNews:
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Railways mull industrial corridor
In order to improve transportation of minerals from Chhattisgarh and Jharkhand to other parts of the country, Indian Railways plans to lay a dedicated industrial rail corridor at an estimated cost of Rs 40,000 crore.At a high level meeting to review progress of rail infrastructure, the Rail Minister, Dinesh Trivedi approved the project.
Rs 22 cr for Jharkhand
Jharkhand Chief Minister Arjun Munda announced a budget of Rs 22 crore for urban development over the next five years. Munda was speaking at the two-day national mayors’ seminar.
Maintenance incentive & community involvement will be checks and balances
Uttar Pradesh, one of the four states that enjoyed a slice of the World Bank aid totalling nearly $1.9 billion, has built 39,568 km of rural roads since the inception of PMGSY. Sanjeev Kumar, Commissioner, Rural Development, tells Shashidhar Nanjundaiah why there is a need for community monitoring systems.
ONGC to farm out equity in CBM assets
ONGC is exploring opportunities to farm-out equity interests in its four CBM assets including one in West Bengal and three in Jharkhand.
GAIL pipeline to supply gas to Sindri plant
Gas Authority of India's (GAIL) pipeline from Jagdishpur in Uttar Pradesh to Haldia in West Bengal via Jharkhand is going to be a boon for the closed Sindri fertiliser factory, other industries and domestic consumers on the line.
A victim of controversy?
Was he just doing his job, or was he leading a flawed rating process? As the move that invited the US Treasury's wrath, the rating agency Standard & Poor (S&P) invited a storm of controversy by downgrading the US long-term sovereign credit
revival of non-operational airstrips
The Airports Authority of India (AAI) plans to revive 28 out of the 40 non-operational airstrips in India for non-scheduled operations. AAI may also look for private participation for these airports.
RPower gets RBI nod to raise ECB for Tilaiya UMPP
Reliance Power has received in-principle approval from the RBI for raising external commercial borrowings (ECB) of $2 billion for its 4,000 mw ultra mega power project at Tilaiya in Jharkhand.
NLC eyes on cancelled NTPC coal blocks
The Union Government received request from Neyveli Lignite (NLC) to allocate three coal blocks that were recently withdrawn from NTPC.