1. Infratweets: NIIF fuelled with oil money

Infratweets: NIIF fuelled with oil money

Just heard about Cabinet clearing the MoU between UAE & India for a whopping US$75 billion inv in the Nat Inv & Infra Fund. Game changer!

By: | Updated: March 30, 2016 1:27 AM
The Cabinet meeting chaired by Prime Minister Narendra Modi endorsed an understanding with the United Arab Emirates (UAE) for a long-term -billion investment in India’s infrastructure sector.

The Cabinet meeting chaired by Prime Minister Narendra Modi endorsed an understanding with the United Arab Emirates (UAE) for a long-term -billion investment in India’s infrastructure sector.

Tweet: Just heard about Cabinet clearing the MoU between UAE & India for a whopping US$75 billion inv in the Nat Inv & Infra Fund. Game changer!

UAE’s big investment in Indian infrastructure: The Cabinet meeting chaired by Prime Minister Narendra Modi endorsed an understanding with the United Arab Emirates (UAE) for a long-term $75-billion investment in India’s infrastructure sector. The government will hold a stake of 49% in the National Investment and Infrastructure Fund (NIIF) and is looking for sovereign wealth funds and pension funds to pick up the balance.

Tweet: Rural booster. Cabinet clears Rs 22,000 crs thru direct transfers to beneficiaries for 25 Sq Mts pucca homes @ Rs 1.2 lac per dwelling.

Rural housing gets a boost: Under the Rs 82,000 crore Pradhan Mantri Awas Yojana-Gramin scheme, the government will provide Rs 1.2 lakh assistance for every house built in the plains and R1.3 lakh in hilly terrains. The scheme is aimed at building 1 crore homes in the next three years.

Tweet: The Punjab-Haryana water sharing standoff again underscores the point that river water issues should be decided by a Nat Water Commission.

Water wars: The ongoing dispute over the sharing of water through Sutlej Yamuna Link (SYL) canal heated up with the Punjab Assembly unanimously passing a resolution against its construction. Haryana has accused Punjab of “crossing all limits” and has decided to approach the Centre and Supreme Court for a resolution.

Tweet: 3rd phase auction of imported gas for stranded power plants is good for Southern India grid as bulk of winners have capacities in South.

Reviving gas-based power plants: Nine stranded gas-based power plants have been allocated a total of 7.62 million cubic metres per day (MSCMD) reliquified natural gas (RLNG) in the third phase auction. These plants are expected to generate 6.79 billion units of electricity which will be supplied at or below R4.70 per unit to the purchaser discoms during the April 1, 2016, to September 30, 2016, period.

Tweet: NHAI incentivises Electronic Tolling. Users to get 10% discount and participating banks to get 1.5% for every usage. Eminently practical.

Commuter-friendly highways: The rollout of electronic tolling on the country’s national highways is expected to commence in phases from April 1. Commuters can opt for cash, prepaid, postpaid or direct account debt options. The National Payments Corporation of India has been appointed as the national clearing house for electronic tolling.

Tweet: Revived interest: 24 waste-to-energy projects to produce 233 MW of power from municipal refuse are under implementation. More in pipeline.

Garbage power: According to urban development ministry estimates, Rs 65,000 crore worth of private and public investment will flow into city waste management, cleanliness and waste-to-energy projects over three years. India’s waste-to-energy capacity will go up six-fold from the current 53 MW produced from five such projects.

Tweet: About time! Nat Green Tribunal slams UP Pollution Control Board & demands data on town-wise discharge of effluents into Ganga/tributaries.

Ganga pollution continues unabated: The National Green Tribunal pulled up UP government over continuing pollution in the rivers in the state and has asked it to take action on an urgent basis. On January 15, the bench had directed Uttar Pradesh and Uttarakhand governments to identify seriously polluting industries located on banks of Ganga and apprise it about “quantity and quality” of discharge generated by them in the river.

Tweet: Rlys may transport water: Acute water shortage in 4 districts of Marathwada forces Collectors to suggest moving in emergency water by rail.

Railways to the rescue: In the drought-ravaged Marathwada region, a grim water crisis looms. Dams are left with only 5% of stored water and district authorities are making arrangements for water tanker trains to deliver the precious liquid in Latur and surrounding areas.

—Vinayak Chatterjee is Chairman of Feedback Infra
His Twitter handle: @Infra_VinayakCh
A weekly selection of the author’s tweets—
with a brief backgrounder—in the infra space, by Adite Banerjie

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