Sensex 28260.14 302.65 1.08%
Nifty 8586.25 95.25 1.12%
Union Minster of Power, Sushilkumar Shinde chaired the first meeting of the Special Advisory Group in New Delhi. The Group was set up to expedite completion of the ongoing capacity addition projects on war footing and it consists of experts, retired secretaries to the Government of India, one nominee each from the industry bodies FICCI and CII, and public sector power equipment major BHEL.
Friday’s meeting was attended by Secretary (Power), H.S. Brahma and Former Secretaries of Power, including Anil Razdan, R.V. Shahi, Abraham and V.K. Pandit, besides officials of the Union Ministry of Power, CEA, FICCI, CII and CMDs of NTPC, NHPC, Power Grid and BHEL.
Welcoming all the participants, Shinde highlighted the constraints being experienced in the implementation of power projects as also the issues which need to be dealt with on an urgent basis to expedite the process of project implementation. He further mentioned that the special group has been formed to render advice based on their expertise and vast experience in various areas of the power sector.
A presentation was made by CEA on the sStatus of 11th Plan. It was informed that against the 11th Plan capacity addition target of 78,700 MW, a capacity of about 80,610 MW is being monitored for giving benefits during the Plan. However, based on the latest status of various projects it is estimated that about 74,900 MW capacity is likely to materialize. Out of this, about 62,400 MW is likely to come up with a high degree of certainty while about 12,000 MW could come up with best efforts during the 11th Plan. Further, at present projects aggregating to 38,000 MW are under execution for commissioning during the 12th Plan.
Discussions were held on the various crucial issues hampering the progress of implementation of power projects. The participants gave valuable and fruitful suggestions towards resolving some of the issues. The Union Power Minister informed that periodic meetings of the special group shall be held since further deliberations are required towards evolving a strategy for removing the constraints being faced in speedy implementation of power projects.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.