India explores economically viable electric highways
ROADS & HIGHWAYS

India explores economically viable electric highways

Union Minister Nitin Gadkari discusses plans for electric highways, emphasizing their economic feasibility and potential for private sector investment.

Union Road Transport and Highways Minister Nitin Gadkari stated that the government is actively working on the development of electric highways, emphasizing their economic viability. Gadkari has previously expressed his aspiration to create India's first electric highway connecting Delhi and Jaipur.

He elaborated on the concept of the electric highway, explaining that the National Highways Authority of India (NHAI) would grant the right of way. Gadkari disclosed discussions with the Power Ministry to secure electricity at a reduced rate of Rs 3.50 per unit, as compared to the commercial rate of Rs 11 per unit.

Gadkari highlighted the feasibility of electric highways, suggesting that NHAI would provide opportunities for private-sector investors willing to participate in the project. The construction of electric cables would be carried out by private investors, and NHAI would levy an electric tariff, akin to toll charges.

Electric highways offer electric traction for vehicles, similar to railway systems in several countries like Sweden and Norway. This technology involves power cables that vehicles equipped with the necessary technology can utilize for traction. Gadkari mentioned an ongoing pilot project for an electric highway in Nagpur.

He emphasized the rapid growth of India's automobile sector, which has become a source of pride for the country. The automobile industry's size has expanded from Rs 4.15 lakh crore in 2014 to Rs 12.50 lakh crore presently. Gadkari underscored the importance of finding solutions to reduce the country's increasing reliance on fossil fuel imports.

If you want to learn more about Indian Roads, make sure you sign-up for the India Roads Conference at the India Construction Festival on October 12th in New Delhi

Click HERE and reserve your seats! Or call Deepali on 82919 95574....

Union Minister Nitin Gadkari discusses plans for electric highways, emphasizing their economic feasibility and potential for private sector investment.Union Road Transport and Highways Minister Nitin Gadkari stated that the government is actively working on the development of electric highways, emphasizing their economic viability. Gadkari has previously expressed his aspiration to create India's first electric highway connecting Delhi and Jaipur.He elaborated on the concept of the electric highway, explaining that the National Highways Authority of India (NHAI) would grant the right of way. Gadkari disclosed discussions with the Power Ministry to secure electricity at a reduced rate of Rs 3.50 per unit, as compared to the commercial rate of Rs 11 per unit.Gadkari highlighted the feasibility of electric highways, suggesting that NHAI would provide opportunities for private-sector investors willing to participate in the project. The construction of electric cables would be carried out by private investors, and NHAI would levy an electric tariff, akin to toll charges.Electric highways offer electric traction for vehicles, similar to railway systems in several countries like Sweden and Norway. This technology involves power cables that vehicles equipped with the necessary technology can utilize for traction. Gadkari mentioned an ongoing pilot project for an electric highway in Nagpur.He emphasized the rapid growth of India's automobile sector, which has become a source of pride for the country. The automobile industry's size has expanded from Rs 4.15 lakh crore in 2014 to Rs 12.50 lakh crore presently. Gadkari underscored the importance of finding solutions to reduce the country's increasing reliance on fossil fuel imports. If you want to learn more about Indian Roads, make sure you sign-up for the India Roads Conference at the India Construction Festival on October 12th in New Delhi Click HERE and reserve your seats! Or call Deepali on 82919 95574....

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement