UK to invest $1.2 bn in India for renewable energy projects
ECONOMY & POLICY

UK to invest $1.2 bn in India for renewable energy projects

During the 11th Economic and Financial Dialogue (EFD), the UK Government announced a $1.2 bn package for public and private investment in India’s renewable energy projects. The UK Government would likely help push India’s green growth ahead of the COP26 climate conference in November. The p...

During the 11th Economic and Financial Dialogue (EFD), the UK Government announced a $1.2 bn package for public and private investment in India’s renewable energy projects. The UK Government would likely help push India’s green growth ahead of the COP26 climate conference in November. The package includes a $1 bn investment from CDC, the UK’s development finance company in renewable projects in India and joint investments by both governments to encourage firms working on innovative green tech solutions. The package also comprises a new $200 mn private and multilateral investment into the joint Green Growth Equity Fund.

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Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

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Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

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Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

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