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
Real Estate

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Next Story
Infrastructure Energy

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Next Story
Infrastructure Energy

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?