NALCO plans to set up a new greenfield smelter in Odisha at Kamakhyanagar. The site is close to where NALCO is teaming up with NTPC for setting up a 2,400 MW coal-fired power station. The power project, estimated to cost Rs 14,000 crore, will be implemented by a joint venture company NTPC-Nalco Power Company.
Tag: power project
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Rel Power gets in-principle nod for LNG-based plant
The Anil Ambani-led Reliance Power has won an in-principle approval of the Bangladesh government for the first phase of a 3,000 MW LNG-based power plant.
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Bonds credit-enhanced by IIFCL
Government-owned infrastructure financier, The India Infrastructure Finance Company Limited (IIFCL) announced the issuance of India´s first infrastructure bond, credit-enhanced by it.
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New power projects in NE regions
Blaming poor connectivity for under-development of the North East, Prime Minister Narendra Modi said the Centre was working in tandem with the states of the region to remove bottlenecks in development.
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Adani Power to acquire Korba West Power Project
Adani Power Limited (APL), a subsidiary of Adani Enterprises Ltd and a part of Adani Group, has said that it had executed a binding term sheet for acquisition of 100 per cent
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Conventional producers to invest in RE
The Central government may soon require conventional power project developers to install renewable energy projects within the premises of the fossil fuels based power plants. If the power ministry goes ahead with such a plan, the power project developers may have to set up renewable energy capacity equivalent to around 10 per cent of the conventional power capacity within the premises of the power plant.
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IIFCL-UK sanctions credit to Indian infra projects
In the United Kingdom (UK), Indian government-owned Infrastructure Finance Company (IIFCL-UK), the London arm, has sanctioned credit for a slew of power projects in the country. The projects that have received Board sanction of the London arm on October 10 include GMRÂ’s power project at Chhattisgarh, the Shishir Bajaj GroupÂ’s power project at Lalitpur and the port component of the Pipavav project.
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Neyveli power plant expects to get land
Lignite mining-cum-power generator Neyveli Lignite Corporation (NLC) is hopeful of getting around 59 hectares of declassified forest land so that its 1,000 mw power project in Tuticorin can proceed without hitch. The land was obtained from the Tuticorin Port Trust. Long back some portion of the land was classified as forest land though there is no forest there, Chairman and Managing Director B Surender Mohan said.
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Our focus will be on financing infrastructure in economically weaker states in India
IFC’s emphasis will be on sectors like agriculture, power, water and ports in the years to come, as the World Bank’s arm will invest around $20 million in Pragati India Fund,
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As economy booms, pressure to cut subsidies will go down
By the end of next year, both projects and financial facilitation for them should reach a stage where it's smooth sailing for infrastructure sectors, if Montek Singh Ahluwalia, Deputy Chairman, Planning Commission of India, has his way.