GE Energy Financial Services Invests in Hydroelectric power project in India
On 30 July 2013, GE Energy Financial Services announced that it has invested Rs. 257 Crores (US$42 million) in the 110 megawatt Chuzachen hydro-electric project in East Sikkim (north of India) through a share subscription agreement.
The project is being developed by Gati Infrastructure Private Limited, an energy initiative of Mr. Mahendra Agarwal, Founder and CEO of Gati Limited.
The project harnesses the water flow from the rivers Rangpo and Rongli, in a run-of-river design, with turbines and generators supplied by Alstom India Ltd.
The project built at a cost of Rs. 1188 Crores (US$194 million) is the first one of this magnitude, under Private Ownership, in the north east of India. IDFC is the lead financier, with a loan at the project level. Capital Fortunes Private Limited - Hyderabad are the advisors and sole arrangers in respect of this transaction. Commissioned in May of this year, the project is operating at steady state.
Capital Fortunes Private Limited - Hyderabad are the advisors and sole arrangers in respect of this transaction. Commissioned in May of this year, the project is operating at steady state.
Source: General ElectricCountry news
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August 07, 2013
No bids submitted for Mumbai Trans Harbour Link project
None of the five consortia shortlisted for the Rs 9,630-crore (US$1.5 billion) Mumbai Trans Harbour Link (MTHL) project submitted an offer on August 5th, 2013. While one of them withdrew from the race last week, IRB Infrastructure - Hyundai, the other four chose not to submit their bids on Monday. Read more -
August 12, 2013
Krishnapatnam Port in talks with Morgan Stanley and SBI-Macquarie to raise funds
Last week, local sources in India commented that Krishnapatnam Port Company is in talks with Morgan Stanley Infrastructure Fund and SBI Macquarie for a stake sale to raise R1,200 Cr (US$198 million) for its expansion. Read more -
August 13, 2013
Kandla Port launches RFQ for Tuna-Tekra port project in India
India's largest major port, Kandla Port Trust has launched a RFQ for setting up a container terminal at Tuna -Tekra near Kandla Port on build, operate and transfer basis for container vessels having capacity up to 18000 twenty-foot equivalent units. Read more -
August 14, 2013
Tender launched for PPP waste project in Sambalpur
The Sambalpur Municipal Council is seeking private sector participation to improve the management of municipal solid waste (MSW) in the cities of Sambalpur, Burla and Hirakud and it has launched a Request for Qualifications for companies interested. Read more -
August 20, 2013
India approves two/four laning of Kerala border-Kollegal section of NH 212 in Karnataka
The Cabinet Committee on Economic Affairs has given a approval for two/four laning with Paved Side Shoulders (PSS) of the Kerala Border - Kollegal section of National Highway-212 in the state of Karnataka under the National Highways Development Project (NHDP) Phase IV, on Design, Build, Finance, Operate and Transfer (BOT/DBFOT) basis in Build-Operate-Transfer mode of delivery. Read more
