Infrastructure & Energy,Infrastructure & Energy sector projects by Delhi Mumbai Industrial Corridor Development Corporation in
Project Information
5562
Delhi Mumbai Industrial Corridor Development Corporation
Government today approved setting up of three projects, including a solar power unit under the Delhi-Mumbai Industrial Corridor, worth Rs 2,558.6 crore, a move which would boost manufacturing sector in the country.
The cabinet committee on economic affairs also approved the special loan facility to be provided by Japan International Cooperation Agency (JICA) for development of DMIC project.
Further, the projects cleared by the CCEA include formation of a SPV for implementation and operation of model solar power project at Neemrana as a 100 per cent subsidiary of Delhi Mumbai Industrial Corridor Development Corporation and approval for development of trunk infrastructure for integrated industrial township at Greater Noida.
The other projects is the development of trunk infrastructure for the township in Ujjain.
"The CCEA has approved the utilisation of Japanese assistance under the JICA through Special Terms for Economic Partnership (STEP) of Japanese official development assistance loans for the DMIC project and the operational rules, terms and conditions of this tied loan facility," an official statement said.
The development of trunk infrastructure for the township in Ujjain and Greater Noida will require estimated investment of Rs 808.60 crore for stage 1 of the project and Rs 1,714.70 crore, respectively.
"The CCEA approved the formation of a Special Purpose Vehicle for implementation and operation of the model solar power project at Neemrana as a 100 per cent subsidiary of the DMIC Development Corporation.
"The total financial implications for the government is around Rs 35.34 crore, out of which the equity component is Rs 13 crore and the debt component is Rs 22.34 crore,"
Project Value
INR 2558.60 Crore /-
Conceptual Stage
Not Specified
India
Infrastructure & Energy,Infrastructure & Energy
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