+
 Govt proposes to hive off central hydro projects
POWER & RENEWABLE ENERGY

Govt proposes to hive off central hydro projects

The government is exploring hiving off constructed central hydropower plants into special purpose vehicle companies under their existing developers to increase their valuations during stake sale.

According to the proposed national assets monetisation pipeline, a senior government official told the media that Niti Aayog has proposed segregating constructed projects and transferring them to an SPV under the CPSU that owns the projects.

The official said that the SPVs consisting of constructed projects might be subsidiaries of their respective CPSUs. Therefore, the transfer ensures that the mixture worth of the mum or dad and subsidiary firm is greater than the present developer of the venture.

Finance Minister Nirmala Sitharaman, in her finance speech, told the media that the nationwide monetisation pipeline might be launched with a dashboard to observe the progress and supply visibility to traders. She also said that monetising working public infrastructure property is a vital financing choice for brand new infrastructure building.

The pipeline plans to monetise property together with electrical energy transmission, oil and gasoline pipelines, roads, hydro and solar energy crops, telecom towers, sports activities stadia at a price of Rs 2.5 lakh crore this fiscal.

The plan consists of awarding 150 passenger trains to non-public gamers, divesting the stake of India's Airports Authority within the joint ventures working Mumbai, Bangalore, Hyderabad and Delhi airports and leasing out sports activities stadia.

State-owned Energy Grid Corp launched its Infrastructure (InvIT) in April - first by any public sector firm - providing 5 preliminary portfolio property worth Rs 10,384 crore.

InvITs are devices on the sample of mutual funds and are designed to pool small sums of cash from quite a few traders to put money into property that provides money circulation over a time frame.

Image Source


Also read: NHPC, BSHPC enter pact for 130.1 MW Dagmara HE project

Also read: Bihar set to have 130 MW hydroelectric project over Kosi river

The government is exploring hiving off constructed central hydropower plants into special purpose vehicle companies under their existing developers to increase their valuations during stake sale. According to the proposed national assets monetisation pipeline, a senior government official told the media that Niti Aayog has proposed segregating constructed projects and transferring them to an SPV under the CPSU that owns the projects. The official said that the SPVs consisting of constructed projects might be subsidiaries of their respective CPSUs. Therefore, the transfer ensures that the mixture worth of the mum or dad and subsidiary firm is greater than the present developer of the venture. Finance Minister Nirmala Sitharaman, in her finance speech, told the media that the nationwide monetisation pipeline might be launched with a dashboard to observe the progress and supply visibility to traders. She also said that monetising working public infrastructure property is a vital financing choice for brand new infrastructure building. The pipeline plans to monetise property together with electrical energy transmission, oil and gasoline pipelines, roads, hydro and solar energy crops, telecom towers, sports activities stadia at a price of Rs 2.5 lakh crore this fiscal. The plan consists of awarding 150 passenger trains to non-public gamers, divesting the stake of India's Airports Authority within the joint ventures working Mumbai, Bangalore, Hyderabad and Delhi airports and leasing out sports activities stadia. State-owned Energy Grid Corp launched its Infrastructure (InvIT) in April - first by any public sector firm - providing 5 preliminary portfolio property worth Rs 10,384 crore. InvITs are devices on the sample of mutual funds and are designed to pool small sums of cash from quite a few traders to put money into property that provides money circulation over a time frame. Image Source Also read: NHPC, BSHPC enter pact for 130.1 MW Dagmara HE project Also read: Bihar set to have 130 MW hydroelectric project over Kosi river

Next Story
Infrastructure Urban

ITCONS Gains on New Rs 3.5 Million Defence Contract

ITCONS E-Solutions is trading at Rs 549.00, up by Rs 12.10 or 2.25 per cent from its previous close of Rs 536.90 on the BSE. The scrip opened at Rs 549.00 and has touched an intraday high and low of Rs 549.00, with 200 shares traded so far.A BSE ‘MT’ group stock with a face value of Rs 10, ITCONS touched its 52-week high of Rs 767.00 on 25 September 2024 and a 52-week low of Rs 166.70 on 5 August 2024. Over the past week, the stock has fluctuated between Rs 560.00 and Rs 510.60. The company's current market capitalisation stands at Rs 3.3 billion.Promoters hold 58.22 per cent of the compan..

Next Story
Infrastructure Urban

Delhi Extends EV Policy Till March 2026

The Delhi government has extended its existing Electric Vehicle (EV) Policy until 31 March 2026, or until a revised version is approved. The decision was made during a Cabinet meeting chaired by Chief Minister Rekha Gupta on Tuesday.According to Transport Minister Pankaj Kumar Singh, the draft of the new policy will undergo broader public consultation before being finalised, prompting the extension to allow time for thorough stakeholder engagement.The consultation process will include inputs from citizens, environmental groups, academic institutions, industry experts, and private firms. Key fo..

Next Story
Infrastructure Urban

Ather Crosses 400 Fast Chargers in Maharashtra

Electric two-wheeler manufacturer Ather Energy announced on Thursday that it has surpassed 400 fast charging points under its Ather Grid network across Maharashtra.The company's fast charging infrastructure now spans 35 cities in the state, including key urban centres such as Mumbai, Nashik, Pune, and Nagpur."Crossing 400 fast chargers in the state is about giving riders the assurance that they'll always find a charger when they need one. As we expand our retail presence, the charging network will continue to grow in tandem to make EV ownership truly seamless," said Ravneet Singh Phokela, Chie..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?