WCA September 2016

India Insight

Copper plant Shilpi Cable Technologies is set to invest $150 million in Abu Dhabi to establish a plant for manufacturing copper products. A company document said that the board has approved the project through a subsidiary, and that the facility will have a manufacturing capacity of 60,000 metric tonnes of copper products. It added that it will invest $50 million through equity and the balance of $100 million will be through debt. Shilpi Cable Technologies – India Website : www.shilpicables.com Indian power pledge The power ministers of all Indian states, meeting in Goa, have made a resolution to focus on the hydro and wind power sectors to develop a comprehensive policy to revive stalled projects. Union minister for power, coal and renewable energy Piyush Goyal told a press conference that to boost the hydro power sector, a committee has been established

under the chairmanship of West Bengal power minister Manish Gupta. It will submit its recommendations by 30 th September 2016. Mr Goyal confirmed that all ministers were resolved to provide constant power to all households by May 2017, and that all states, except those affected by left-wing extremism, had resolved to electrify all villages by December 2016. Participating states resolved to install only tamper-proof, communication-enabled smart meters. The minister said that the cost of smart meters has fallen by 60 per cent as a result of central procurement, and is expected to fall further in the near future. Hybrid project Himachal Pradesh Power Corporation Ltd (HPPCL), a state-owned power utility company, and renewable energy company Solar Energy Corporation of India (SECI) have agreed to invest approximately $4.6 million in the construction and development of a solar/wind hybrid power project located at Rangrik in Himachal Pradesh, India. Himachal Pradesh Solar Power

Corporation Limited – India Website : www.hppcl.gov.in

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Wire & Cable ASIA – September/October 2016