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TMI Blog100% F D I Permitted in Power SectorX X X X Extracts X X X X X X X X Extracts X X X X ..... 100% F D I Permitted in Power Sector - News and Press Release Dated:- 13-12-2012 - News - Press Information Bureau Government of India Ministry of Power 13-December-2012 16:54 IST The Minister of State (Independent Charge) for Power Shri Jyotiraditya Scindia informed Lok Sabha today that as per extant policy, Foreign Direct Investment (FDI) up to 100% is permitted in the power se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctor, under the automatic route, for: i) Generation and transmission of electric energy produced in hydro electric, coal/lignite based thermal, oil based thermal and gas based thermal power plants; ii) Non-Conventional Energy Generation and Distribution; iii) Distribution of elective energy to households, industrial, commercial and other users; and iv) Power Trading. Accordingly, any for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eign power company can enter power sector through FDI route. Further, several global power plant equipment manufacturing companies from Japan, Europe and USA have formed Joint Ventures with Indian Companies for establishing manufacturing base in India for the manufacture of supercritical boilers/turbine generators and technology transfer. The companies are Mitsubishi Heavy Industries Ltd., Japan w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ith L T at Gujarat; Hitachi, Japan with BGR at Tamil Nadu; Toshiba, Japan with JSW at Tamil Nadu; Alstom, France with Bharat Forge at Gujarat; Ansaldo Caldie, Italy with Gammon at Tamil Nadu; Babcock Wilcox, USA with Thermax at Maharashtra; Hitachi Power Europe GmbH (Germany) with BGR at Tamil Nadu. Doosan, Korea (100% FDI) has come to establish its manufacturing facilities on their own strength ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in Tamil Nadu. Besides, CLP India Pvt. Ltd., a wholly owned subsidiary of CLP Holdings has set up a 1320 MW thermal power project at Haryana. In addition, M/s. AES (Chhattisgarh Energy Pvt. Ltd.) proposes to setup 2x660 MW Thermal Power Project in Chhattisgarh and Odisha Power Generation Corporation Ltd. (A Joint Venture of Govt. of Odisha AES Corp. USA) also proposes to setup a new Thermal P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ower Project (2x 660 MW) in Odisha. UM/KM - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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