Many industry observers feel the time is right for the government to exit and look at reducing its investments in power distribution and allow commercial capital to flow into the sector.
Tag: Power
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MSME: Integral to Make in India
Like roti, kapda aur makaan, the industry needs finance, power and water. Plugging some of these gaps can boost the sector, thereby giving a fillip to the overall campaign. The focus of Make in India is on creating jobs and skill enhancement in 25 sectors.
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We have learned with India a little patience. This is a part of our growth.
Stephane DECLEE, VP, Energy, Process & Utilities at Dassault Systemes, says Dassault is investing for the long haul and looking at the metals, oil & gas and power sectors. Give us an overview of the company in India.
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Opening the funds tap
A stronger thrust on PPP projects, greater FDI and steady government support can help Indian Railways, one of the world´s largest rail networks, emerge from the rut.
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Connecting the dots
Conventional sewage treatment systems, favoured by engineers and bureaucrats, are incapable of doing the job. So the smart cities have been picked and the hunt is on to flesh out what the proclamations of the Ministry of Urban Development
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Steely growth
India is putting in place measures to fast-track economic growth. Core industries like steel will play a substantial part in this growth if the next decade has to really belong to India.
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Swapping coal linkages
The government has said it will notify the guidelines for swapping of coal linkages. ´The correction of the grade of coal and the permission to swap coal or exchange coal within plants, within the same company or between the companies based on the guidelines, which we will be shortly notified, will help the nation save at least Rs 20,000 crore in power bills,´ Coal and Power Minister Piyush Goyal Said.
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Lanco Infratech shelves asset sale
Debt-ridden infrastructure firm Lanco Infratech has temporarily shelved its asset disposal plans. However, it said it would sell at least 3,000 MW of power assets with an enterprise value of about Rs 25,000 crore in fiscal 2018 and retire around Rs 18,000 crore of debt. At the AGM, Chairman LM Rao said appetite by buyers to absorb large assets is low.
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Govt slashes natural gas price by 16%
The government, at end September, cut natural gas prices by 16 per cent to $4.24 per unit for the six month period, beginning October 1. The price cut is the second reduction in rates ever, the first being on April 1.
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Skilled Innovator
Leading power and automation technology group, ABB India Ltd, has appointed current Managing Director Bazmi Husain as Chief Technology Officer (CTO), effective January 1, 2016.