Govt set to extend takeoff time for tax holiday in power sector
The government is set to extend the takeoff time for availing the existing tax-exemption facility for power-sector investors until 2018 to lure huge investment needed to achieve ambitious targets.
Under the existing income-tax rules, private investors in the sector can enjoy tax-breaks for 15 years upon starting commercial production in their power plants by June 30, 2016.
The power ministry recently urged the finance ministry to take initiative for extension of the takeoff period beyond the June 30, 2016 cutoff time for availing the tax benefit, reports the FE.
ABB wins Rs 172cr order from Bangladesh power grid
ABB India Ltd, a subsidiary of Swiss engineering group ABB, said it has won a Rs 172-crore order from Power Grid Company of Bangladesh Ltd.
The order is for supply of four 132/33kV turnkey substations. ABB will also help Power Grid Company expand its six other substations.
“Developing countries have the opportunity to directly adopt technologically advanced infrastructure that deliver greater efficiency and have a smaller carbon footprint,” Bazmi Husain, country manager at ABB India, said in a statement.
Power Grid Company is in the process of upgr...
The order is for supply of four 132/33kV turnkey substations. ABB will also help Power Grid Company expand its six other substations.
“Developing countries have the opportunity to directly adopt technologically advanced infrastructure that deliver greater efficiency and have a smaller carbon footprint,” Bazmi Husain, country manager at ABB India, said in a statement.
Power Grid Company is in the process of upgr...
L&T signs $200m contract for gas-based plant in BD
Larsen & Toubro has announced signing of a $200-million (Rs. 1200 crore at 1 dollar = 60 rupees) contract with Bangladesh Power Development Board to set up a 225 MW gas-based power plant in Bangladesh.
“The contract, which is valued at about $200 million, was secured by L&T in May, 2014,” the company said in a statement on Tuesday.
The contract was signed between Bangladesh Power Development Board (BPDB) secretary Mohd Zahirul Haque and L&T vice president Saurabh Indwar in Dhaka on Sunday.
Four development partners of ...
The contract was signed between Bangladesh Power Development Board (BPDB) secretary Mohd Zahirul Haque and L&T vice president Saurabh Indwar in Dhaka on Sunday.
Four development partners of ...
Power can be India’s bargain point with Bangladesh
Power demand of Bangladesh can be a better bargaining point for India to get few important and old cross border issues resolved out. BJP, the first constituent of ruling NDA Government in India is keen on getting the issues squared up fast.
Bangladesh has taken up a plan to import 3,500 MW of electricity from SAARC countries by 2030 under its power sector master plan. With its geographical boundary surrounding Bengaldesh, India is best suited one in SAARC to export power to Bangladesh.
Bangladesh now imports 500MW from India. A process of furt...
Bangladesh now imports 500MW from India. A process of furt...
Indo-Bangla power JV to be operational by FY18
The USD 1.2-billion Indo-Bangla power joint venture is planning to award the contract for construction of the plant by April 2015 and expected to start commercial generation by FY18.
“We expect to award the contract next year. The company has recently appointed Fichtner Consulting Engineers and is in the process of finalising a consultant who will help in sourcing coal for the project,” NTPC Chairman & Managing Director Arup Roy Choudhury said.
The plant is likely to consume around 8 million tonnes of coal every year and the entire generat...
The plant is likely to consume around 8 million tonnes of coal every year and the entire generat...
No gas from Relaince being supplied to Bangladesh
The new Indian government has decided that the whole issue of gas pricing will need comprehensive re-examination.(Reuters) The new Government has decided that the whole issue of gas pricing will need comprehensive re-examination.(Reuters)
SummaryThe new Government has decided that the whole issue of gas pricing will need comprehensive re-examination.
The government today asserted that no gas from Reliance Industries’ eastern offshore KG-D6 block was being supplied to Bangladesh.
In the run up to t...
The government today asserted that no gas from Reliance Industries’ eastern offshore KG-D6 block was being supplied to Bangladesh.
In the run up to t...
