We must understand project finance in the traditional sense. Project finance works only when all material approvals for a particular project are in place and the same is then handed over to a successful bidder like the bidding for UMPP was done in India. The bidder can then straightaway proceed for financial closure. This will ensure there are no time and cost over-runs on account of delay in approvals.
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4,000 MW plant for Bihar announced
Bihar will get a 4,000 MW Ultra Mega Power Plant and the Centre will allocate sufficient number of coal blocks for it, Union Power Minister Piyush Goyal has announced.
FDI Ultimate Game Changer
Though investment in infrastructure is expected to touch $1,025 billion in the Twelfth Five-Year Plan (2012-17), many hurdles are choking investment inflows despite the government´s overdrive to attract funds. The government´s recent decision to open up the railway sector to Foreign Direct Investment (FDI)
A blueprint for private participation
Though PPP in coal mining can enhance coal production, the successful implementation of a PPP structure largely depends on the balance between risk allocation and financial gain.
Government evaluating site in Bihar for UMPP
The power ministry is evaluating a site in Bihar for setting up a 4,000 MW ultra mega power project (UMPP) and has approached the Coal Ministry for allocation of a nearest coal block for the thermal plant.
KBL installs largest water pumping system
Kirloskar Brothers (KBL) has collaborated with Tata Power and installed the world's largest circulating water pumping system for Tata Power's Mundra ultra mega power project (UMPP). A mammoth 10.5 million litre of water is circulated with the help of KBL's 10 concrete volute pump sets e
Power: Satisfactory in parts
Hindsight: The electrical equipment industry, after experiencing a healthy growth since 2009-10, declined to -7.8 per cent in 2012-13.
However, the industry revived in the first half of current fiscal (H12014) and grew at 6 per cent mainly backed by rise in domestic demand.
Cheyyur power project
The Power Finance Corporation (PFC) has stated that eight companies have evinced interest in developing Rs 24,200-crore Cheyyur ultra mega power project (UMPP) in Tamil Nadu. The UMPP is India´s first coastal power plant, to be bid out with an attached captive port. PFC is the nodal agency for UMPPs
A Disconcerting Year For PPP Ends
This year was truly a vortex of a perfect storm, yet it has been a year of contrasts. The Indian industry is in dire need of political stability and the strength of leadership at the Centre, but at the same time, India recently overtook China as the most attractive investment destination in the world. This year, foreign institutional investment (FII) is at its peak, having crossed Rs 1 lakh crore.
Tata seeks waivers from Mundra UMPP lenders
Hit by higher price of imported coal and lower tariff realisation, Tata Power has sought 'certain waivers' from lenders to ensure further disbursements of loans to the 4,000 MW Mundra plant