Deputy Prime Minister and Energy Minister Kamal Thapa on Friday said the government would construct the Budhi Gandaki Hydropower project with domestic investment.
Modi Government Clears Rs 1 Lakh Cr Projects In Tamil Nadu; From Chennai-Bengaluru Express Highway To Slashing Accidents, See Benefits
In a massive boost for Highway and Shipping infrastructure in Tamil Nadu, the central government has approved Rs 1 lakh crore for an array of projects.
IMP Powers Ltd (IMP) has successfully commissioned its pilot, 4x5kW = 20 KW, Hydro-kinetic Project at Neyveli Lignite Corporation India Limited, Tamil Nadu, India.
India’s major renewable energy push could be as much about poverty reduction and job creation as it is about energy security and climate change.
As part of its effort to address the problem of stressed assets in the power sector, the government will investigate whether private developers ‘gold-plated’ project costs to increase the debt component, thereby reducing their equity contribution, said power minister Raj Kumar Singh in his first interview after assuming charge.
Mumbai-based conglomerate Shapoorji Pallonji Group plans to invest roughly Rs 25,000 crore mostly in big-ticket infrastructure projects, creating around one lakh jobs in the next three years, a top executive said. “
Nearly 60,000 mw of thermal power projects in the IPP (independent power producers) segment are stressed mainly for want of long-term power purchase pacts and unavailability of domestic gas supplies, says a report.
China, which is constructing many hydropower projects in Tibet, plans to focus on dam building on rivers close to its provinces and not on the Brahmaputra which sparked concerns in India, state media reported today.
Over a hundred Kashmiri workers engaged at Neelum Jhelum Hydro Electric Project in Pakistan-occupied Kashmir have been sacked by CGG-CMEC, a Chinese consortium.
The recent spurt in global crude oil prices has resulted in Vedanta, the metals and mining major, putting its development and exploration projects on a fast track but issues of cess and higher profit petroleum continue to be a concern.