The Union Coal Ministry on July 3 gave a commitment for fuel supply agreements (FSAs) to eleven power projects with an investment of Rs 52,349 crore. With this, the government has broken the four year jinx in signing FSAs in the country. These have been waiting for fuel supply agreements since 2009.
Tag: Power Projects
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Railways to boost coal mine connectivity
As part of its initiative to boost connectivity, the Railway Ministry plans to spend about Rs 4,000 crore to upgrade rail connectivity to coal mines. The investment, once materialised, would boost fuel supplies to power projects.
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Extend service tax exemption | Budget 2013-14
Within the Power sector the Transmission & Distribution (T&D) sector merits equal if not more attention. The more serious problem is one of under-investment in the T&D sector. For the last 50 years, India has been able to investment barely half of the desired level of investment in the T&D sector. Transmission lines in India are loaded up to 90 per cent in India against the world standard of 60-65 per cent.
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Swift approvals for power projects | Budget 2013-14
The country is presently in need of an energy security policy, conveying use of portfolios, basket of fuels; followed by guidelines on how regulators must ensure that at each state level, tariffs are built using bulk sourcing of power, based on prudent mix of portfolio of fuel - comprising of both imported and domestic. In addition, a long-term view needs to be taken to ensure energy security through the development of appropriate alternatives to conventional fuels.
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Govt to decide on green nod before auctioning 54 blocks
Government would soon decide on whether to secure environment and forest clearances for the 54 coal blocks before auctioning them to power, steel and other firms. According to reports, government finds it preferable to secure green nod before auctioning these blocks in order to avoid delay in developing them.
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MP’s plea to Centre to allocate more natural gas to AP
The Centre has been urged to allocate additional gas to run power projects in Andhra Pradesh more efficiently and at higher plant load factor. Harsha Kumar GV Member of Parliament, in a memorandum to the Prime Minister sought higher allocation of natural gas to Andhra Pradesh-based power projects.
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AP to get REC loan for 3 projects
To fund three key power projects in Andhra Pradesh, the Rural Electrification Corporation (REC) is to provide a loan of Rs 10,873.35 crore.
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16.5 gw projects in JK
Jammu and Kashmir government has estimated potential of 20,000 mw electricity out of which 16,471 mw has been identified for harnessing during the 12th plan.
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Energy: Raise sectoral limits
We hope the Budget will attempt to address the issue of improving the flow of funds by revising the sectoral lending limits of banks, including the power sector in any take–out scheme floated by the government,
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PTC India to launch PE fund
PTC India has entered into an initial agreement with a sovereign wealth fund to create a private equity (PE) fund with a start-up capital of $200 million.