J&K Council clears 850 MW Ratle Hydroelectric Project in JV mode
POWER & RENEWABLE ENERGY

J&K Council clears 850 MW Ratle Hydroelectric Project in JV mode

The Jammu & Kashmir Administrative Council has approved a proposal for the development of the 850 MW Rattle Hydroelectric Project. The Rs.53 bn project would be executed by a new joint venture company, Jammu Hydroelectric Power Corporation, to be formed by the JK Power Development Corporation (J...

The Jammu & Kashmir Administrative Council has approved a proposal for the development of the 850 MW Rattle Hydroelectric Project. The Rs.53 bn project would be executed by a new joint venture company, Jammu Hydroelectric Power Corporation, to be formed by the JK Power Development Corporation (JKPDC) and the National Hydroelectric Power Corporation (NHPC). The equity contribution of JKPDC in the company, pegged at Rs.7764.4 mn, will be provided as grant from the Union government. All the clearances for the project are already in place, hence it is expected to be completed within 36 months of the start of work. J&K has over 20,000 MW of hydro power potential, out of which 16,000 MW has been identified.

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Infrastructure Transport

Sanjay Prasad takes over departments held by Awanish Awasthi

Awanish Kumar Awasthi, the Additional Chief Secretary (Home), retired on Wednesday.

According to a state government spokeswoman, Sanjay Prasad, the chief minister's principal secretary, has been granted additional control of all departments held by Awasthi.

Awasthi was in charge of the Uttar Pradesh Expressway Industrial Development Authority (UPEIDA), energy, religious affairs, jail administration and reforms, vigilance department, confidential and visa passport departments, in addition to the home department.

Awasthi returned from central deputation in April 2017 and was..

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Infrastructure Transport

India’s longest expressway is here!

The perceived need of the hour for the most populous Indian state is connectivity. Thus, the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) laid out a plan to build five expressways, one of which is the Purvanchal Expressway. Aimed at improving connectivity in Uttar Pradesh’s eastern region and built at Rs 224.95 billion, this 340.8-km expressway is India’s longest. Starting from Chand Sarai village and located on the Lucknow-Sultanpur Road, it passes through Barabanki, Amethi..

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Infrastructure Energy

Repsol Eyes Stake Sale for Strategic Plan

Spanish oil major Repsol is reportedly engaged in negotiations to offload a portion of its renewable energy subsidiary as part of a strategic maneuver to propel its ambitious agenda through 2027.

Santander has purportedly been enlisted to facilitate the sale, indicating a significant step in Repsol's financial strategy. While Repsol intends to retain a majority stake in its renewables arm, the prospective deal may involve the infusion of fresh capital by the investor. However, the identity of the investor remains undisclosed at present.

Repsol Renewables, valued at 5.9 billio..

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