Tweet: New Tariff Policy introduces clauses to pressurise Regulators to discharge their tariff-setting role more professionally and rigorously.
Tweet: Must commend @PiyushGoyal for a set of practical and timely measures in the amendments to the national tariff policy.
Reform initiatives smartly unleashed via new tariff policy: Under power minister Piyush Goyal’s leadership many changes are being sought to be introduced in the electricity sector by amendments to the Electricity Act. However, since this is also caught up in Parliamentary logjam, a series of reform initiatives has been smartly unleashed via the route of a new tariff policy.
Tweet: 10 diff agencies involved in metro rail projects. Huge coordination issues. MoUD planning to set up UMTA (Urban Mass TrAuth) to streamline.
Streamlining urban mass transport: A host of issues—such as regulatory hurdles, relocation of colonies, impact on archaeological sites—are delaying urban mass transport projects across several cities. Setting up of an Urban Mass Transport Authority is expected to facilitate better coordination of project-related work and also create a joint ticketing system across multiple modes of transport such as trains, metro and buses.
Tweet: Under @sureshpprabhu leadership Rlys set to slash power costs by 20% thru revamped purchase methods. Couldn’t Rly Board do this earlier?!
Railways’ cost-cutting agenda: The Indian Railways estimates that it will be able to cut its annual electricity bill, which is pegged at Rs 12,000 crore, by nearly 20% in the next fiscal year. It also expects to bring down its total working expenses by 15%.
Tweet: Logically long overdue. Govt finally mulling including BIG HYDRO under definition of Renewable. Now only <25 MW included. RPO will kick in.
Revival of big hydro projects on the cards?: In a bid to give big hydro projects a shot in the arm, the government is looking at bringing them under the fold of renewable energy. While this would enable the projects to raise capital more easily and sell power to state discoms, the move could face opposition from environmentalists. Work on hydro power projects in Uttarakhand were stalled following a Supreme Court order.
Tweet: Solar ! Fortum of Finland bids R4.34/unit for 1 of 6 blocks of 70 MW each at NTPC’s solar park in Rajasthan. Other blocks ~R4.35/4.36.
Tweet: Falling solar rates reflect comfort of investors in bids providing confidence on land, evacuation and payment security. Many lessons here.
Foreign players keen on Indian solar energy market: A study by Bloomberg New Energy Finance points out that, for five out of seven Centre and state auctions of solar energy projects, serious international players had made the lowest bids. Experts feel that international developers have deeper pockets and lower cost of capital and are attracted by the huge growth potential of the solar energy market in India.
Tweet: Another engine of public exp kicking in. Rs 20,000 cr worth of tenders for 3 new ports ~ Wadhwan (Maha), Sagar (West Beng) & Colachel (TN).
Gadkari makes a big push for ports: The government will float tenders for three major ports by March and the work on the projects is expected to begin by May, according to Union minister Nitin Gadkari. He also said that the existing 12 ports will deliver a profit of Rs 6,000 crore this fiscal, which will be invested in modernisation of ports.
—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