Contracts for the upcoming 750-MW Rewa ultra-mega solar park in Madhya Pradesh were awarded at the lowest tariff bids till date. The project is expected to be completed by April 2018 at an estimated investment of R4,000-5,000 crore.
Rewa (MP) solar park bids at Rs 2.97 for 3 packages of 250MW each is d new historic low. Holy grail of grid parity with thermal reached!
Solar power bid game perceived to be changing in favour of big boys ~ now more about access to cheap long term capital & deep pockets.
Here comes the sun
Contracts for the upcoming 750-MW Rewa ultra-mega solar park in Madhya Pradesh were awarded at the lowest tariff bids till date. The project is expected to be completed by April 2018 at an estimated investment of Rs 4,000-5,000 crore.
Rly station redevelopment, possibly d largest PPP program in the world currently, gets going. 23 bids put out as part of larger 400 stns.
Railway stations ready for a makeover
Announcing the launch of the Station Re-development Project for 23 stations in the first phase, railway minister Suresh Prabhu has said that the multi-pronged strategy is aimed at providing amenities to passengers through public private participation (PPP). Successful bidders will be allowed to commercially exploit the surrounding vacant railway land.
Worrying mismatch between dom airlines ordering aircraft & airport capacity. Dilly-dallying on inviting pvt investment needs resolution.
Expansion problems for airports
Aggressive fleet expansion by Indian carriers is expected to outstrip airport space availability. The CEO of Mumbai airport, the second most congested airport in India, expressed concern that airport maintenance projects have not been able to handle growing traffic.
States learning fast from Centre. Crown Prince of Bahrain offers to set up special fund for infra investments in Kerala, during CM’s visit.
A new funding partnership
The Bahrain government will open a special centre in Kochi to oversee its financial deals with Kerala. The Crown Prince of Bahrain has offered to help in the multi-faceted development of the state.
RBI Guv rightly says that NPA problem is with long gestation projects. Good. Resolution cannot then be short term classification of ‘bad’.
NPAs are a legacy issue
The Reserve Bank of India (RBI) Governor Urjit Patel recently said that sectors in which bad loans have emerged over the years are a result of the long-gestation projects that were mostly funded before 2011-12.
Cement industry can look forward to better times. 45% of demand is from housing; & 20% from infra. Both have got a fillip in the Budget.
Laying foundations for growth
The cement industry expects to benefit from the government’s focus on infrastructure and housing in the recent Union Budget. Industry experts estimate that the sector could gain as much as R19,470 crore as a result of enhanced budgetary allocations.
Green cess on coal s frm Rs 50/t in 2010 to Rs 400/t in 2016. Only 35% of amount collected transferred to Nat Clean Energy Fund. Not quite kosher.
Green cess: Beyond clean energy
By the end of the fiscal FY17, the government is estimated to accumulate as many as R54,336 crore from the clean energy cess on coal. However, almost 30% of the total National Clean Energy Fund (NCEF) monies has been allocated to projects under various ministries, including water resources, river development and Ganga rejuvenation.
—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