Featured Articles...

Showing posts with label Abhijeet. Show all posts
Showing posts with label Abhijeet. Show all posts

October 25, 2013

Inter-ministerial panel reviews performance of 16 coal blocks...

 

Coal Mine

The Inter-Ministerial panel on coal blocks today reviewed the performance of 16 mines alloted to firms including JSPL, NTPC, SAIL, Abhijeet Infrastructure and Tata Power.

However, no decision was taken on the coal blocks, said a source, adding that some of the companies present gave reasons like lack of environmental clearances and regulatory hurdles for delays in development of the mines.


"The allocatees of 16 coal blocks made presentations before the Inter-Ministerial Group (IMG). However no decision was taken today," the source said.

IMG will meet again tomorrow, for the third day, and review the performance of another 14 mines alloted to firms including JSPL, Monnet Ispat & Energy, Birla Corp and Rathi Udyog, he said.

The panel reviewed the progress of 17 mines yesterday and recommended that show-cause notices be issued to some of the companies for delays in developing them.

The Coal Ministry had earlier asked the companies to make presentations before the IMG on the achievement of milestones prescribed for developing mines that were allotted to them and their reasons for delays.

"It has been decided to provide an opportunity to you (coal block allocatees) to present your explanation/version before the IMG on the current status of development of allocated coal block," the ministry had said.

"You are requested to make a presentation with respect to the achievement of different milestones prescribed for the development of coal block and reasons for delay, if any, with respect to achievement of the same," it had said.

The coal block allottees were earlier issued show-cause notices for delaying the production from their mines.

The government had formed the IMG last year to review the progress of coal blocks allocated to firms for captive use and recommend action, including de-allocation.

The panel under the chairmanship of Additional Secretary in the Coal Ministry has members from other ministries including steel and power.

Source

Read More...

August 24, 2011

Shriram EPC ties with ENER-T for Abhijeet’s 50 MW CSP Project…

image From the market reports, Spark learnt that, Shriram EPC Ltd has tied up with ENER – T (an Israeli company) for executing a Rs 640-crore order from Abhijeet Projects Ltd for providing ‘engineering, procurement, construction' services for Abhijeet's 50-MW solar thermal power plant at Jaisalmer, Rajasthan.

 

Abhijeet Projects is the special purpose vehicle of Corporate Ispat and Alloys Ltd, which has won a 50 MW project through the NVVN’s bidding process under the Jawaharlal Nehru National Solar Mission.

Shriram EPC has forayed into solar power sector in collaboration with ENER-T International Ltd of Israel, a company formed by people who have together worked on several solar thermal projects in California and Spain.

All contracts secured after the formation of the joint venture would be executed by the joint venture, he said.

The scope of work of Abhijeet’s order includes the design, engineering, procurement, supply, erection, testing and commissioning for the entire project.

The project is scheduled for completion in 20 months.

Abhijeet's is the first project to announce the finalization of EPC contract among the seven winning bidders of solar thermal projects under the Mission.

Market buzz is that Reliance (Rajasthan Sun Technique Energy) is talking to Areva, but there has been no announcement as yet.

Abhijeet Group won the project by bidding a tariff of Rs 12.24 per unit, the highest tariff amongst the seven developers who won the thermal projects. Spark believes that, at this price, it is unlikely that there will be any significant margins for the developer. The time frame of 20 months is also very aggressive.

Read More...