The capacity of the proposed facility, part of Indian Oil's Rs 56,000-cr investment plan during the 12th Plan, will be five mt a year
Chennai: The expert appraisal committee of the ministry of environment and forests has given its nod to Indian Oil Corporation (IOC)'s Rs 4,320-crore liquefied natural gas (LNG) terminal project at Ennore, about 25 km away from Chennai.
The capacity of the proposed facility will be five million tonnes a year. The terminal can be expanded to 10-15 million tonnes a year. This is part of IOC’s Rs 56,000-crore investment plan during the 12th Plan Period (2012-17).
IOC started marketing of re-gasified LNG (RLNG) in 2004. As one of the major off-takers of RLNG from Dahej LNG import terminal of Petronet LNG Limited (PLL- a Joint Venture Company of IOCL, BPCL, GAIL and ONGC). IOC also has a marketing share of 30 per cent of RLNG in the upcoming PLL’s Kochi LNG terminal.
According to the committee, the Ennore port is an all-weather facility. It has all infrastructure facilities in place. The port has already earmarked water front for LNG jetty and land for storage and regasification terminal in their master plan.
After the completion of the project, RLNG would cater to the southern states. RLNG will be supplied to customers such as power plants, fertiliser companies through an extensive pipeline network. LNG would also be supplied by road through cryogenic LNG road tankers.
Success in my Habit
Tuesday, December 24, 2013
CCI approves acquisition of cement plants of Jaypee in Gujarat located at Sewagram and Wanakbori by Ultratech
New Delhi: The Competition Commission of India (CCI) has approved the proposed acquisition of cement plants of Jaypee Cement Corporation Limited, comprising an integrated cement unit at Sewagram and grinding unit at Wanakbori in Gujarat by Ultratech Cement Limited (Ultratech). Jaypee Cement Corporation Limited is a wholly owned subsidiary of Jaiprakash Associates Limited (Jaypee).
Both Ultratech and Jaypee are engaged in the manufacture and marketing of different varieties of cement across India. The combined capacity of sewagram and wanakbori plants is 4.8 MTPA.
The Commission vide its order dated 20.12.2013 is of the opinion that the proposed combination is not likely to have an appreciable adverse effect on competition in India and therefore, approved the proposed combination under sub-section (1) of Section 31 of the Act.
Both Ultratech and Jaypee are engaged in the manufacture and marketing of different varieties of cement across India. The combined capacity of sewagram and wanakbori plants is 4.8 MTPA.
The Commission vide its order dated 20.12.2013 is of the opinion that the proposed combination is not likely to have an appreciable adverse effect on competition in India and therefore, approved the proposed combination under sub-section (1) of Section 31 of the Act.
2 more investment zones, chilli park for Karnataka
Bengaluru: Union Commerce Ministry has approved the Karnataka Government’s proposal to set up a chilli park at Haveri.
Addressing reporters after a meeting here to review the pending projects, Union Commerce Minister Anand Sharma said, “We have cleared the proposal. The land for setting up the chilli park will be finalised by the State government. Spices Board and the State government will take it forward.”
The Ministry also cleared the Karnataka Government proposal to include pepper under the National Horticultural Mission (NHM).
“Karnataka is the second largest pepper producer. The State will be brought under NHM. For setting up a pepper park, the State will co-ordinate with the Spices Board,” said Sharma.
Export facilitation
To facilitate export from Karnataka, Commerce Ministry has approved few more projects. Prominent among them are to take up construction of a convention centre. An assistance of Rs 20 crore is being given to Karnataka Trade Promotion Organisation (KTPO) to take up construction of the centre.
In order to increase agri-exports from Karnataka, Agricultural and Processed Food Products Export Development Authority (APEDA) will take up construction of cold storage and warehousing facilities at the new airport (BIAL).
“This will increase State’s share of agri-exports and create additional infrastructure facility at the airport,” said Sharma.
Of the seven mega leather clusters proposed in the country, Karnataka will get one.
The regional sub centre of the National Institute of Design (NID) in Bangalore is will be upgraded to a full-fledged campus.
The Indian Institute of Packaging’s proposal to set up a centre in Bangalore has been cleared.“A proposal was approved some time back but it will be taken up with the State government’s help,” Sharma said.
Addressing reporters after a meeting here to review the pending projects, Union Commerce Minister Anand Sharma said, “We have cleared the proposal. The land for setting up the chilli park will be finalised by the State government. Spices Board and the State government will take it forward.”
The Ministry also cleared the Karnataka Government proposal to include pepper under the National Horticultural Mission (NHM).
“Karnataka is the second largest pepper producer. The State will be brought under NHM. For setting up a pepper park, the State will co-ordinate with the Spices Board,” said Sharma.
Export facilitation
To facilitate export from Karnataka, Commerce Ministry has approved few more projects. Prominent among them are to take up construction of a convention centre. An assistance of Rs 20 crore is being given to Karnataka Trade Promotion Organisation (KTPO) to take up construction of the centre.
In order to increase agri-exports from Karnataka, Agricultural and Processed Food Products Export Development Authority (APEDA) will take up construction of cold storage and warehousing facilities at the new airport (BIAL).
“This will increase State’s share of agri-exports and create additional infrastructure facility at the airport,” said Sharma.
Of the seven mega leather clusters proposed in the country, Karnataka will get one.
The regional sub centre of the National Institute of Design (NID) in Bangalore is will be upgraded to a full-fledged campus.
The Indian Institute of Packaging’s proposal to set up a centre in Bangalore has been cleared.“A proposal was approved some time back but it will be taken up with the State government’s help,” Sharma said.
Monday, December 23, 2013
IMT Ghaziabad ties up with Arizona State University
New Delhi: The Institute of Management and Technology, Ghaziabad (IMTG) has joined hands with Arizona State University (ASU) of the US to strengthen bilateral collaborations in business management education.
Under the tie-up both the institutions will offer dual-degree programmes. In the 2+1 IMTG-ASU programme, students will spend two years at the IMTG and one year at the ASU.
In 1+1 IMTG-ASU programme, aspirants will spend one year at the IMTG followed by one year at the ASU. Both models will have internship engagements built into the programmes. Students at the IMTG will get direct access to some of the Masters programmes in business and decision analytics, sustainable systems, environmental management and resource management domains.
“Our multi-faceted network of international collaborations with some of the best foreign institutions of the world makes IMTG a unique institution for those aspirants who seek to pack in a lifetime of learning in a short span of time,” said Bibek Banerjee, Director of IMTG and Academic Mentor of the IMT Group in a press statement.
“The Arizona State University pursues research that contributes to the public good, and ASU assumes major responsibility for the economic, social and cultural vitality of the communities that surround it,” said Ajay Vinze, Earl and Gladys Davis Distinguished Professor of Business and the Associate Dean of International Programmes at W. P. Carey School of Business. Vinze is also the Vice-Provost of Arizona State University.
According to a survey, the ASU was ranked fifth on a list of the top universities favoured by employers by The Wall Street Journal. The W. P. Carey School of Business at ASU houses more than 1,500 graduate students and more than 8,300 undergraduates.
Under the tie-up both the institutions will offer dual-degree programmes. In the 2+1 IMTG-ASU programme, students will spend two years at the IMTG and one year at the ASU.
In 1+1 IMTG-ASU programme, aspirants will spend one year at the IMTG followed by one year at the ASU. Both models will have internship engagements built into the programmes. Students at the IMTG will get direct access to some of the Masters programmes in business and decision analytics, sustainable systems, environmental management and resource management domains.
“Our multi-faceted network of international collaborations with some of the best foreign institutions of the world makes IMTG a unique institution for those aspirants who seek to pack in a lifetime of learning in a short span of time,” said Bibek Banerjee, Director of IMTG and Academic Mentor of the IMT Group in a press statement.
“The Arizona State University pursues research that contributes to the public good, and ASU assumes major responsibility for the economic, social and cultural vitality of the communities that surround it,” said Ajay Vinze, Earl and Gladys Davis Distinguished Professor of Business and the Associate Dean of International Programmes at W. P. Carey School of Business. Vinze is also the Vice-Provost of Arizona State University.
According to a survey, the ASU was ranked fifth on a list of the top universities favoured by employers by The Wall Street Journal. The W. P. Carey School of Business at ASU houses more than 1,500 graduate students and more than 8,300 undergraduates.
Vedic Realty to invest Rs 2,500 cr
Kolkata: Kolkata-based Vedic Realty Pvt Ltd plans to invest nearly Rs 2,500 crore for setting up an 18-hole golf course, with an integrated IT township. The investment will be through 25 per cent debt and 75 per cent equity.
To be spread across approximately 1,500 acres at Rajarhat New Town in the north eastern fringes of the city, the project, Greentech City, would be home to the third big golf course in the city. The two others include British-era Royal Calcutta Golf Club and Tollygunge Club.
“We will be investing nearly Rs 2,500 crore to develop the IT township, along with a golf course. The investment will be done over seven to eight years,” Raj K Modi, Chairman and Managing Director, Vedic Realty, told Business Line. Golf tourism is likely to come up as major draw in the coming days here, he said.
Greentech City has a bouquet of varied residential units starting from flats at Rs 17 lakh to a golf villa at Rs 4 crore. So far, nearly 800 units have been booked. Another major project by the company is Vedic Village spread over 150 acres at Rajarhat.
The company has so far invested nearly Rs 500 crore to develop the township and one-third of the required land has been acquired so far.
Post a “lull period” in 2009-10 following some trouble over land acquisition, the project is slowly picking up pace, Modi said.
Once the residential units and golf course come up, the company will focus on creating infrastructure for information technology companies.
Vedic Realty, through its joint venture with the West Bengal Electronics Industry Development Corporation Ltd, will provide land for IT firms to set up facilities at Greentech City.
To be spread across approximately 1,500 acres at Rajarhat New Town in the north eastern fringes of the city, the project, Greentech City, would be home to the third big golf course in the city. The two others include British-era Royal Calcutta Golf Club and Tollygunge Club.
“We will be investing nearly Rs 2,500 crore to develop the IT township, along with a golf course. The investment will be done over seven to eight years,” Raj K Modi, Chairman and Managing Director, Vedic Realty, told Business Line. Golf tourism is likely to come up as major draw in the coming days here, he said.
Greentech City has a bouquet of varied residential units starting from flats at Rs 17 lakh to a golf villa at Rs 4 crore. So far, nearly 800 units have been booked. Another major project by the company is Vedic Village spread over 150 acres at Rajarhat.
The company has so far invested nearly Rs 500 crore to develop the township and one-third of the required land has been acquired so far.
Post a “lull period” in 2009-10 following some trouble over land acquisition, the project is slowly picking up pace, Modi said.
Once the residential units and golf course come up, the company will focus on creating infrastructure for information technology companies.
Vedic Realty, through its joint venture with the West Bengal Electronics Industry Development Corporation Ltd, will provide land for IT firms to set up facilities at Greentech City.
World Bank keen to finance solar projects in India
Total fund requirement is worth Rs 80,000 cr to add 9,000 MW
Mumbai: The World Bank has launched consultations with the ministries of finance and new and renewable energy for financing solar projects under phase II of the National Solar Mission.
“The World Bank is really impressed with the performance of phase I of the National Solar Mission wherein, the installed capacity has risen to 2,000 Mw from 30 Mw. The World Bank was engaged with the ministry of new and renewable energy during phase I in working out the policy and putting in place necessary guidelines but had not provided funds. However, during phase II, the World bank is quite keen to finance solar projects,” Ashish Khanna, lead energy specialist told Business Standard. He however, declined to divulge further details in this regard. The total requirement of funds is of the order of Rs 80,000 crore ($13 billion) of which, as high as Rs 54,000 crore ($9 billion) will be debt based on a 70:30 debt equity ratio. The World Bank has expressed that it was keen to partially finance debt requirement.
Khanna said of the total debt requirement of Rs 54,000 crore, much needed to come from the scheduled commercial banks.
“During the first phase, commercial banks had lent $700 million and they need to scale up to the levels envisaged. In order to make investment in solar power more attractive for scheduled commercial banks, the government will need to strategically use scarce public resources to leverage commercial financing, address structural barriers that prevent commercial banks from participating and facilitate appropriate technology deployment,” Khanna added.
Khanna said the role of facilitating public funding in leveraging commercial lending on a sustained basis through risk reducing instruments as well as innovations in financing is significant and imperative for moving solar development to a largely non-recourse financing mode in India. The World Bank in its report titled, “Paving the way for a Transformational Future: Lessons from Jawaharlal Nehru National Solar Mission Phase I”, suggests that the government could offer multiple financial solutions involving viability gap fund, generation-based incentives, credit guarantees, credit lines to banks at a concession to cut interest rates and subordinate public finance to extend the tenor of loans. According to the World Bank, using public financing for extending the tenor of a loan and providing subordinated debt is least expensive among all other options, with the objective of reducing the solar tariff to Rs 5.50 per unit.
Mumbai: The World Bank has launched consultations with the ministries of finance and new and renewable energy for financing solar projects under phase II of the National Solar Mission.
“The World Bank is really impressed with the performance of phase I of the National Solar Mission wherein, the installed capacity has risen to 2,000 Mw from 30 Mw. The World Bank was engaged with the ministry of new and renewable energy during phase I in working out the policy and putting in place necessary guidelines but had not provided funds. However, during phase II, the World bank is quite keen to finance solar projects,” Ashish Khanna, lead energy specialist told Business Standard. He however, declined to divulge further details in this regard. The total requirement of funds is of the order of Rs 80,000 crore ($13 billion) of which, as high as Rs 54,000 crore ($9 billion) will be debt based on a 70:30 debt equity ratio. The World Bank has expressed that it was keen to partially finance debt requirement.
Khanna said of the total debt requirement of Rs 54,000 crore, much needed to come from the scheduled commercial banks.
“During the first phase, commercial banks had lent $700 million and they need to scale up to the levels envisaged. In order to make investment in solar power more attractive for scheduled commercial banks, the government will need to strategically use scarce public resources to leverage commercial financing, address structural barriers that prevent commercial banks from participating and facilitate appropriate technology deployment,” Khanna added.
Khanna said the role of facilitating public funding in leveraging commercial lending on a sustained basis through risk reducing instruments as well as innovations in financing is significant and imperative for moving solar development to a largely non-recourse financing mode in India. The World Bank in its report titled, “Paving the way for a Transformational Future: Lessons from Jawaharlal Nehru National Solar Mission Phase I”, suggests that the government could offer multiple financial solutions involving viability gap fund, generation-based incentives, credit guarantees, credit lines to banks at a concession to cut interest rates and subordinate public finance to extend the tenor of loans. According to the World Bank, using public financing for extending the tenor of a loan and providing subordinated debt is least expensive among all other options, with the objective of reducing the solar tariff to Rs 5.50 per unit.
World Bank keen to finance solar projects in India
Total fund requirement is worth Rs 80,000 cr to add 9,000 MW
Mumbai: The World Bank has launched consultations with the ministries of finance and new and renewable energy for financing solar projects under phase II of the National Solar Mission.
“The World Bank is really impressed with the performance of phase I of the National Solar Mission wherein, the installed capacity has risen to 2,000 Mw from 30 Mw. The World Bank was engaged with the ministry of new and renewable energy during phase I in working out the policy and putting in place necessary guidelines but had not provided funds. However, during phase II, the World bank is quite keen to finance solar projects,” Ashish Khanna, lead energy specialist told Business Standard. He however, declined to divulge further details in this regard. The total requirement of funds is of the order of Rs 80,000 crore ($13 billion) of which, as high as Rs 54,000 crore ($9 billion) will be debt based on a 70:30 debt equity ratio. The World Bank has expressed that it was keen to partially finance debt requirement.
Khanna said of the total debt requirement of Rs 54,000 crore, much needed to come from the scheduled commercial banks.
“During the first phase, commercial banks had lent $700 million and they need to scale up to the levels envisaged. In order to make investment in solar power more attractive for scheduled commercial banks, the government will need to strategically use scarce public resources to leverage commercial financing, address structural barriers that prevent commercial banks from participating and facilitate appropriate technology deployment,” Khanna added.
Khanna said the role of facilitating public funding in leveraging commercial lending on a sustained basis through risk reducing instruments as well as innovations in financing is significant and imperative for moving solar development to a largely non-recourse financing mode in India. The World Bank in its report titled, “Paving the way for a Transformational Future: Lessons from Jawaharlal Nehru National Solar Mission Phase I”, suggests that the government could offer multiple financial solutions involving viability gap fund, generation-based incentives, credit guarantees, credit lines to banks at a concession to cut interest rates and subordinate public finance to extend the tenor of loans. According to the World Bank, using public financing for extending the tenor of a loan and providing subordinated debt is least expensive among all other options, with the objective of reducing the solar tariff to Rs 5.50 per unit.
Mumbai: The World Bank has launched consultations with the ministries of finance and new and renewable energy for financing solar projects under phase II of the National Solar Mission.
“The World Bank is really impressed with the performance of phase I of the National Solar Mission wherein, the installed capacity has risen to 2,000 Mw from 30 Mw. The World Bank was engaged with the ministry of new and renewable energy during phase I in working out the policy and putting in place necessary guidelines but had not provided funds. However, during phase II, the World bank is quite keen to finance solar projects,” Ashish Khanna, lead energy specialist told Business Standard. He however, declined to divulge further details in this regard. The total requirement of funds is of the order of Rs 80,000 crore ($13 billion) of which, as high as Rs 54,000 crore ($9 billion) will be debt based on a 70:30 debt equity ratio. The World Bank has expressed that it was keen to partially finance debt requirement.
Khanna said of the total debt requirement of Rs 54,000 crore, much needed to come from the scheduled commercial banks.
“During the first phase, commercial banks had lent $700 million and they need to scale up to the levels envisaged. In order to make investment in solar power more attractive for scheduled commercial banks, the government will need to strategically use scarce public resources to leverage commercial financing, address structural barriers that prevent commercial banks from participating and facilitate appropriate technology deployment,” Khanna added.
Khanna said the role of facilitating public funding in leveraging commercial lending on a sustained basis through risk reducing instruments as well as innovations in financing is significant and imperative for moving solar development to a largely non-recourse financing mode in India. The World Bank in its report titled, “Paving the way for a Transformational Future: Lessons from Jawaharlal Nehru National Solar Mission Phase I”, suggests that the government could offer multiple financial solutions involving viability gap fund, generation-based incentives, credit guarantees, credit lines to banks at a concession to cut interest rates and subordinate public finance to extend the tenor of loans. According to the World Bank, using public financing for extending the tenor of a loan and providing subordinated debt is least expensive among all other options, with the objective of reducing the solar tariff to Rs 5.50 per unit.
PepsiCo plans largest India plant in Andhra Pradesh
Plans investment of Rs 1,230 cr; Phase I to be ready by next year
Hyderabad: PepsiCo India will set up a new beverage plant, poised to be the largest such factory for the company in India, at Sri City industrial park, close to the Andhra Pradesh-Tamil Nadu border.
Coming up on 80 acres, the first phase of the project entails an investment of Rs 450 crore and would be operational by the third or fourth quarter of the next financial year, according to D Shivakumar, chairman and managing director, who took charge 10 days ago.
This is part of a three-phase investment of Rs 1,230 crore in the factory, with the final phase proposed to be completed by 2018, he said.
Chief minister N Kiran Kumar Reddy formally laid the foundation stone for the plant at a function held here on Saturday.
The new plant is also part of the global beverages player’s recent announcement that it was going to make a new investment of Rs 33,000 crore in the country, with its partners, by 2020.
The plant would produce the full range of beverages — carbonated drinks, fruit-based drinks and sports drinks. Each of the three phases will have a production capacity of around 1.2 million litres a day.
Shivakumar said the plan to set up a much larger plant in Andhra Pradesh signified not just the presence of a strong local market but also the growth at large in the country.
“India is a high priority market for PepsiCo and there are lot of opportunities to expand our food & beverage business in the coming years. This is the physical manifestation of our commitment towards investment in the country,” he said.
The company is also planning to make this location as the national hub for sourcing mango pulp, given the large numbers of mango orchards in Andhra Pradesh. “We plan to increase pulp procurement from Andhra Pradesh for all our plants and the state could become a national hub for mango pulp, thus benefiting around 60,000 farmers across Chittoor, Prakasam and Nellore districts,” Shivakumar said.
PepsiCo already has a beverage plant at Sangareddy near Hyderabad, which supplies to the state and neighbouring Karnataka. The company, which refused to share the revenue or the market share figures, said eight of its brands generate around Rs 1,000 crore each in revenues in India.
Hyderabad: PepsiCo India will set up a new beverage plant, poised to be the largest such factory for the company in India, at Sri City industrial park, close to the Andhra Pradesh-Tamil Nadu border.
Coming up on 80 acres, the first phase of the project entails an investment of Rs 450 crore and would be operational by the third or fourth quarter of the next financial year, according to D Shivakumar, chairman and managing director, who took charge 10 days ago.
This is part of a three-phase investment of Rs 1,230 crore in the factory, with the final phase proposed to be completed by 2018, he said.
Chief minister N Kiran Kumar Reddy formally laid the foundation stone for the plant at a function held here on Saturday.
The new plant is also part of the global beverages player’s recent announcement that it was going to make a new investment of Rs 33,000 crore in the country, with its partners, by 2020.
The plant would produce the full range of beverages — carbonated drinks, fruit-based drinks and sports drinks. Each of the three phases will have a production capacity of around 1.2 million litres a day.
Shivakumar said the plan to set up a much larger plant in Andhra Pradesh signified not just the presence of a strong local market but also the growth at large in the country.
“India is a high priority market for PepsiCo and there are lot of opportunities to expand our food & beverage business in the coming years. This is the physical manifestation of our commitment towards investment in the country,” he said.
The company is also planning to make this location as the national hub for sourcing mango pulp, given the large numbers of mango orchards in Andhra Pradesh. “We plan to increase pulp procurement from Andhra Pradesh for all our plants and the state could become a national hub for mango pulp, thus benefiting around 60,000 farmers across Chittoor, Prakasam and Nellore districts,” Shivakumar said.
PepsiCo already has a beverage plant at Sangareddy near Hyderabad, which supplies to the state and neighbouring Karnataka. The company, which refused to share the revenue or the market share figures, said eight of its brands generate around Rs 1,000 crore each in revenues in India.
Wipro announces $2.8 million fellowship focussed on STEM education in US
Bengaluru: India's third largest software exporter Wipro has announced a $2.8 million grant to nurture excellence in science and mathematics in the United States through a multi-year fellowship programme. The programme, focussed on building leadership in these disciplines, will involve over a hundred school teachers and be conducted jointly with the Michigan State University. It will start with the public school systems of Chicago.
Wipro's announcement follows other recent announcements from Cognizant Technology Solutions and Tata Consultancy Services. Earlier this month, Cognizant announced a three year, $150,000 commitment to support university-sponsored science, technology, engineering and math (STEM) education programs at Texas A&M University in College Station, Texas.
Teachers committed to teaching in urban schools will be identified after a rigorous selection process, the company said. Participants will be elementary or secondary school educators.
Wipro said its initiative is aligned with the US national goal to significantly improve the quality of education in the STEM subjects. "Wipro is committed to being an involved participant in its communities. This initiative seeks to develop and inspire young people to contribute to excellence in STEM education," said TK Kurien, CEO, Wipro.
Successful participants will earn a graduate certificate in STEM Teaching and Leadership and also become part of the STEM Urban Learning & Leadership Community. "There is a critical shortage of excellent math and science teachers nationwide and even more so in urban school districts," said project co-leader Sonya Gunnings-Moton, assistant dean in the College of Education, Michigan State University. "We need leaders among teachers who can build not only their own capacity to improve learning, but also the capacity of their colleagues."
Aarti Dhupelia, Chief Officer of College and Career Success at Chicago Public Schools said, "The cornerstone of providing a high quality STEM education for our students is ensuring we have exceptional math and science teachers leading the way. We are so grateful for this partnership with Wipro and Michigan State University that will have a transformational impact in our classrooms and communities."
This is the second such program that Wipro has kicked off in the past 16 months in the US. In 2012, Wipro and the University of Massachusetts, Boston (UMass Boston) jointly launched a fellowship program across 10 districts of Boston and Newark area in STEM Education, with the aim of fostering excellence. Wipro said it employs more than 10,000 professionals across 48 states in the US
Wipro's announcement follows other recent announcements from Cognizant Technology Solutions and Tata Consultancy Services. Earlier this month, Cognizant announced a three year, $150,000 commitment to support university-sponsored science, technology, engineering and math (STEM) education programs at Texas A&M University in College Station, Texas.
Teachers committed to teaching in urban schools will be identified after a rigorous selection process, the company said. Participants will be elementary or secondary school educators.
Wipro said its initiative is aligned with the US national goal to significantly improve the quality of education in the STEM subjects. "Wipro is committed to being an involved participant in its communities. This initiative seeks to develop and inspire young people to contribute to excellence in STEM education," said TK Kurien, CEO, Wipro.
Successful participants will earn a graduate certificate in STEM Teaching and Leadership and also become part of the STEM Urban Learning & Leadership Community. "There is a critical shortage of excellent math and science teachers nationwide and even more so in urban school districts," said project co-leader Sonya Gunnings-Moton, assistant dean in the College of Education, Michigan State University. "We need leaders among teachers who can build not only their own capacity to improve learning, but also the capacity of their colleagues."
Aarti Dhupelia, Chief Officer of College and Career Success at Chicago Public Schools said, "The cornerstone of providing a high quality STEM education for our students is ensuring we have exceptional math and science teachers leading the way. We are so grateful for this partnership with Wipro and Michigan State University that will have a transformational impact in our classrooms and communities."
This is the second such program that Wipro has kicked off in the past 16 months in the US. In 2012, Wipro and the University of Massachusetts, Boston (UMass Boston) jointly launched a fellowship program across 10 districts of Boston and Newark area in STEM Education, with the aim of fostering excellence. Wipro said it employs more than 10,000 professionals across 48 states in the US
NTPC to set up first 800-Mw hydro project
800 Mw Koldam to be operational next fiscal
New Delhi: State-owned power generator NTPC Ltd on Thursday started filling up the reservoir of its first hydro power project, the 800-Megawatt (Mw) Koldam in Himachal Pradesh. The 163-metre reservoir is likely to be filled over the next 11 months leading to the commissioning of the project next financial year.
“Koldam project, with four units of 200 Mw each, will provide peaking capacity to the Northern Grid and generate 3,054-Gw-hour electricity annually,” the company said in a statement.
The project was planned 12 years ago with an estimated investment of Rs 4,527 crore. However, delays on account of “geological surprises” led to an estimated 20 per cent cost overrun. “Koldam project, with four units of 200 Mw each, will provide peaking capacity to the Northern grid and generate 3,054-Gw-hour electricity annually,” the company said in a statement.
The project is located on Satluj river in Bilaspur district. Around 12 per cent of its power would be supplied to the host state for free. The rest would be transmitted to seven northern states. State-owned transmission utility Power Grid Corporation (PGCIL) is currently laying down the transmission network for the project. Thanks to the high silt content of the Satluj, the life of the reservoir is limited to 30 years.
NTPC is currently constructing 1,500-Mw hydro capacity, including 800-Mw Koldam, 520-Mw Tapovan Vishnugad and 171 Mw-Lata Tapovan in Uttarakhand, apart from an 8-Mw Singrauli hydro project in UP.
The company has installed capacity of 42,454 Mw, around 19 per cent of India’s total capacity. NTPC operates 16 coal-based and seven gas-based projects apart from six power stations in joint ventures
New Delhi: State-owned power generator NTPC Ltd on Thursday started filling up the reservoir of its first hydro power project, the 800-Megawatt (Mw) Koldam in Himachal Pradesh. The 163-metre reservoir is likely to be filled over the next 11 months leading to the commissioning of the project next financial year.
“Koldam project, with four units of 200 Mw each, will provide peaking capacity to the Northern Grid and generate 3,054-Gw-hour electricity annually,” the company said in a statement.
The project was planned 12 years ago with an estimated investment of Rs 4,527 crore. However, delays on account of “geological surprises” led to an estimated 20 per cent cost overrun. “Koldam project, with four units of 200 Mw each, will provide peaking capacity to the Northern grid and generate 3,054-Gw-hour electricity annually,” the company said in a statement.
The project is located on Satluj river in Bilaspur district. Around 12 per cent of its power would be supplied to the host state for free. The rest would be transmitted to seven northern states. State-owned transmission utility Power Grid Corporation (PGCIL) is currently laying down the transmission network for the project. Thanks to the high silt content of the Satluj, the life of the reservoir is limited to 30 years.
NTPC is currently constructing 1,500-Mw hydro capacity, including 800-Mw Koldam, 520-Mw Tapovan Vishnugad and 171 Mw-Lata Tapovan in Uttarakhand, apart from an 8-Mw Singrauli hydro project in UP.
The company has installed capacity of 42,454 Mw, around 19 per cent of India’s total capacity. NTPC operates 16 coal-based and seven gas-based projects apart from six power stations in joint ventures
Subscribe to:
Posts (Atom)