Manoj Kumar Upadhyay, Founder, Chairman and Managing Director of ACME Group is responsible for strategic growth and expansion of the company in India and abroad. He has over 18 years of experience in the power and telecom sectors.
Tag: Power
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Projects cleared by Project Monitoring Group
Following is the list of the projects which was cleared by Project Monitoring Group
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Modalities for Infrastructure Trust Fund within a month
To accelerate the flow of long-term funds into various projects in areas such as power, roads and ports, the Union Finance Ministry may put in place within a month the modalities for a new structure of the Infrastructure Trust Fund, the Ministry stated. The proposed fund is expected in the nature of REIT (Real Estate Investment Trust), which are prevalent in many countries like Singapore.
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SREI to acquire road, power projects
Media reports indicate that SREI Infrastructure Finance may spruce up its portfolio of road and power projects through acquisition. It is learnt that the firm is eyeing road and power projects, the promoters of which have already undergone a credit restructuring or they are ready
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A difficult environment like now is time to take fewer risks
When times are tough, it's time to soften up. But while banks need to be supportive to the industry in difficult times, they are not geared up to involve themselves at a pre-project stage, says RK Dubey
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Srei scouts for distressed projects
Srei Group is planning to acquire distressed assets in power and road sectors. The company is interested in assets which have already undergone a credit restructuring or lenders or promoters are ready to exit
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Minister stresses need to attract investment in oil and gas sector
In order to attract investment in the oil and gas sector, the government must take key reforms and the recent hike in natural gas price is a step in this direction, union oil Minister M Veerappa Moily remarked in a media. He pointed out that India was losing out to China when it comes to attracting investment in oil and gas sector from multinational companies. He also said that China has also taken decision to hike natural gas price to attract inve
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Govt to set up separate grid for solar, wind projects
Planning Commission member BK Chaturvedi has said that the Union government would set up a green corridor to generate power from solar and wind capacities that were established at a cost of Rs 50,000 crore, Planning Commission member BK Chaturvedi. The National Action Plan on Climate Change has recommended that India generate 10 per cent of its power needs from solar, wind, hydropower and other renewable sources by 2015, and an additional 5 per cent by 2020.
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Additional gas to be made available by ONGC, GSPC
ONGC and GSPC would be able to produce about 4-5 mmscmd of additional natural from their fields in 2013-14. A similar additional volume may be available in the next fiscal and a further 2 mmscmd from GSPC in 2015-16. This additional output will have to make up for fall in KG-D6 this fiscal and the next as also meet 3.8 mmscmd need of 5 newly converted fertiliser plants for whom allocation had previously been approved by the cabinet and
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Major ports witness rise in coal cargo
The 12 major ports in the country witnessed 43.96 percent rise in the handling of thermal coal cargo at 19 million tonne (mn t) during Apr-Jun 2013 from the year-ago period. This include mostly the import of thermal coal for power plants in the country. At a time when growth in the general cargo volume is stagnant across all major ports, the rise in the import of coal by domestic power producers may provide relief for these ports, reports