The government will start auctioning three ultra mega power projects (UMPPs) before March this year, attracting an investment of Rs.90,000 crore, budget documents said.
Tag: UMPPs
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CCEA to decide on clearing bidding norms for UMPPs
The cabinet committee on economic affairs (CCEA) would soon decide on clearing the standard bidding documents for new ultra mega power projects (UMPPs) in order to expedite the implementation of such projects.
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Sowing seeds in the right land
Sameer K Bhatnagar presents an investment landscape for Canadian companies to invest in India and outlines the major sectors where opportunities lie. These are interesting times for infrastructure comĂÂpanies in India.
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Banks' alternative to infra lending: Good step, butââŹÂŚ
Finally, banks can get completely rid of their limits imposed by asset-liability mismatch (ALM). Although schemes like take out financing exist and there have been numerous attempts to revive the corporate bond market, most of the schemes and efforts seem to have gone in vain.
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Tax holiday extended to 2012
In a bid to boost power capacity, Finance Minister Pranab Mukherjee said tax holiday for power sector would be extended till 31 March 2012.
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Indian equipment for UMPPs
A committee headed by Planning Commission member Arun Maira, studying the proposal to make it mandatory for bidders of future ultra mega power projects (UMPPs) to buy only Indian equipment is likely to submit its report soon.
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Infra-friendly hire at SBI
Deputy Managing Director (DMD) Hemant Contractor just took his next step on the ladder towards a top job at State Bank of India (SBI).
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Green finance: The signal is amber
Funding for conventional energy infrastructure projects could become increasingly difficult to obtain as banks grow wary of environment concerns and ensuing regulatory bottlenecks.