Latest news with #VGF


Business Standard
2 days ago
- Business
- Business Standard
ACME Solar receives BESS projects for 275 MW/ 550 MWh from NHPC
ACME Solar Holdings through its wholly owned subsidiaries have signed battery energy storage purchase agreements with NHPC for a total contracted capacity of 275 MW/ 550 MWh across two standalone battery energy storage system (BESS) projects. These projects were secured at a tariff of Rs 2,10,000 / MW/ month for 50 MW / 100 MWh and Rs 2,22,000/ MW/ month for 225MW / 450 MWh through e-reverse action held on 24 June 2025. The projects are covered under Viability Gap Funding (VGF) scheme of Govt. of India wherein Rs 27 lakh per MWh or 30% of the total project cost, whichever is lower is provided as VGF.


The Hindu
6 days ago
- Business
- The Hindu
A.P. govt. to guarantee for ₹1,000-crore loan for developing seven airports
The Andhra Pradesh government on Monday agreed to give guarantee to the Andhra Pradesh Airports Development Corporation Limited (APADCL) for obtaining ₹1,000 crore as loan to undertake the development of airports at Kuppam, Dagadarthi and Srikakulam —for land acquisition and external infrastructure creation— and Amaravati (for external infrastructure), and to extend Viability Gap Funding (VGF) support for airports and clear the urgent pending liabilities of the APADCL. The G.O Ms. No.8 issued by Secretary (Infrastructure & Investment- Airports) N. Yuvaraj said that the government intended to develop eight greenfield airports at Srikakulam, Bhogapuram, Tuni-Annavaram, Tadepalligudem, Ongole, Kuppam, Dagadarthi and Nagarjuna Sagar, besides operationalising the international airport at Bhogapuram, for enhancing air connectivity and supporting regional economic growth. The government also desired to establish a greenfield international airport at Amaravati. In response a proposal made by the APADCL MD in this regard, the government accorded in-principle administrative sanction for ₹1,570.64 crore to acquire land for developing the above airports. It also directed the MD to approach financial institutions for mobilising the funds. Accordingly, the MD submitted that the development of Kuppam, Dagadarthi, Srikakulam and Amaravati airports was being taken up under Phase - 1. It was further mentioned that the Techno-Economic Feasibility Report (TeFR) study has been completed for Kuppam and Dagadarthi airports, while the same is in progress for the remaining two airports. The MD sought 'shortfall government guarantee' for securing ₹1,000 crore loan from the HUDCO for developing the airports.


Indian Express
13-07-2025
- Business
- Indian Express
Delhi CM Rekha Gupta, Mayor review solid waste management, aim to reclaim landfills by 2026
Chief Minister Rekha Gupta and Delhi Mayor Raja Iqbal Singh held a review meeting on Thursday to assess the city's solid waste management efforts, with a focus on accelerating the reclamation of Delhi's three main landfill sites — Ghazipur, Bhalswa, and Okhla. The meeting, attended by Deputy Mayor Jai Bhagwan Yadav, Leader of the House Pravesh Wahi, Standing Committee Chairperson Satya Sharma, Deputy Chairman Sundar Singh, MCD Commissioner Ashwani Kumar, Additional Commissioner Jitender Yadav, the MCD Chief Engineer, and other senior officials, centered on 13 key agenda items. 'The Corporation has ramped up biomining from 25,000 TPD to 30,000 TPD as of July 2025, with the target of complete landfill reclamation before the 2026 deadline,' said Singh. The meeting also addressed progress on waste-to-energy (WTE) infrastructure. Singh noted that environmental clearance had been granted for a 3,000-ton-per-day WTE plant in Narela-Bawana. The clearance, issued on June 20 and made public by the Delhi Pollution Control Committee, outlines a 30-megawatt facility to be developed through a public-private partnership with Jindal Urban Waste Management (Bawana) Limited. The plant will be located in Sector 5 of the Bawana Industrial Area in Northwest Delhi. Local residents have continued to raise environmental and health concerns about the project. In addition, Singh said that bids have been invited for a new WTE plant at Ghazipur, with in-principle approval for Viability Gap Funding (VGF) from the Ministry of Housing and Urban Affairs (MoHUA). Chief Minister Gupta emphasized the importance of using reclaimed landfill land for public benefit. 'One-third of the reclaimed area should be used for public welfare projects such as sports complexes, hospitals, and schools,' she said. The remaining area, officials said, would be reserved for the construction of future-ready waste processing infrastructure. Among the new developments, Singh also announced that a 100 TPD Compressed Biogas (CBG) plant at Ghoga Dairy is set to be inaugurated on August 15, 2025. 'This is a major milestone in wet waste processing,' he said. The meeting also underscored the need to establish additional biogas plants across the capital to address dairy waste management more comprehensively.

The Hindu
09-07-2025
- Business
- The Hindu
A.P. Cabinet nod for Quantum Computing Centre in Amaravati, Bulk Drug Park expansion at Nakkapalli
The Andhra Pradesh State Cabinet, chaired by Chief Minister N. Chandrababu Naidu, approved a series of transformative proposals during its meeting held at the State Secretariat on Wednesday. These include the establishment of a Quantum Computing Centre in Amaravati, the expansion of Bulk Drug Park in Nakkapalli, and significant financial and administrative initiatives. Addressing the media after the Cabinet meeting, Information and Public Relations (I&PR) Minister Kolusu Parthasarathy stated that the government anticipated an investment of ₹4,000 crore through the proposed Quantum Computing Centre in the capital. He announced the Cabinet's approval for acquiring an additional 790 acres of land for the Bulk Drug Park proposed at Nakkapalli. The Cabinet also approved the Andhra Pradesh Space Policy 2025–30, aiming to make the State a hub for space-based industries and research. Other important decisions include approval for loan guarantees from HUDCO and facilitating a fund of ₹10,000 crore to improve drinking water supply infrastructure. The Cabinet gave its nod to construct facilities for the World Economic Forum in Amaravati, aligning with the government's global investment outreach. The son of freedom fighter Thota Chandrayya would be offered a government job, recognising the services redered by the family to the nation, he said. Green tax reduced The Cabinet took a corrective step on environmental taxes, reversing the steep increases imposed by the previous government. 'The YSRCP government had increased the green tax. We have reduced it by up to ₹3,000 now,' he said, adding that these decisions mark the State's strategic push towards infrastructure, industry, and technological advancement The Minister said that the Cabinet approved the proposal to provide a shortfall guarantee to Andhra Pradesh Airports Development Corporation Limited, and permit it to secure a loan of ₹1,000 crore from the HUDCO. This loan is intended to meet the expenditure for the development of airports at Kuppam, Dagadarthi, Srikakulam and Amaravati, providing Viability Gap Funding (VGF) support for the Kuppam airport, and clearing urgent pending liabilities of the APADCL, he added.


Mint
08-07-2025
- Business
- Mint
Small-cap stock jumps 5% on receiving project worth ₹465 crore from NTPC arm
Oriana Power share price rallied nearly 5% on Tuesday after the company announced the receipt of Letter of Award (LOA) for a project from a subsidiary of state-run NTPC. The small-cap stock surged as much as 4.97% to ₹ 2,196 apiece on the NSE. Oriana Power said it has received Letter of Award (LOA) from NTPC Vidyut Vyapar Nigam Ltd (NVVN) for setting up of 125 MW/ 250 MWH standalone Battery Energy Storage Systems (BESS) at location provided at Giral Sub-Station in the state of Rajasthan with a Viability Gap Funding (VGF). 'The initiative of BESS will improve grid stability by balancing supply and demand, reducing the risk of blackouts, and enhancing overall grid efficiency. The project will be executed under the build-own-operate (BOO) model,' Oriana Power said in a regulatory filing on July 7. The broad consideration or size of the contract is ₹ 465.15 crore over a period of 12 years from the Scheduled Commissioning Date of the Project. The time period by which the contract is to be executed is 18 months from the effective date of Battery Energy Storage Purchase Agreement (BESPA), the company added. NTPC Vidyut Vyapar Nigam Ltd. (NVVN) was formed by NTPC in the year 2002, as its wholly owned subsidiary. Oriana Power shares are listed on NSE Emerge, a platform for SME companies. Oriana Power share price has fallen 4.3% in one month, and has declined 4% on a year-to-date (YTD) basis. The SME stock has dropped 13% in the past one year. At 10:30 AM, Oriana Power share price was trading 4.92% higher at ₹ 2,195 apiece on the NSE.