Current Affairs 26th March 2016

Important Points :

• To mobilise long term investment into NIIF Union Cabinet approved MoU between - India and UAE
• BHEL commissioned Power Plant in Telangana - 600 MW Jaipur Thermal Power Plant

Details : 

To mobilise long term investment into NIIF Union Cabinet approved MoU between - India and UAE

On 23rd March 2016, to mobilise long term investment into the National Investment and Infrastructure Fund (NIIF), the Union Cabinet gave its ex-post facto approval for a MoU between India and the United Arab Emirates (UAE).

The objective of the MoU is to increase the economic impact mainly through infrastructure development in commercially viable projects in the country.

About National Investment and Infrastructure Fund

• As per the regulations of the Securities and Exchange Board of India (SEBI), it was established as a Category II Alternate Investment Funds (AIF).
• It has an initial corpus of 20000 crore rupees which can be leveraged by infrastructure companies including Indian Rail Finance Corporation (IRFC) and National Housing Bank (NHB).

BHEL commissioned Power Plant in Telangana - 600 MW Jaipur Thermal Power Plant

In March 2016, Bharat Heavy Electricals Limited (BHEL) successfully commissioned a 600 MW coal-based thermal power plant in Telangana.

The unit was commissioned at the upcoming 2x600 MW Singareni Thermal Power Project (TPP) located at Jaipur in Adilabad district of Telangana.

Singareni Collieries Company Limited (SCCL) developed this 1200 MW Jaipur Power Plant and with this, it has diversified into the power generation business.

After the formation of the State in June 2014, it is the second major plant for Telangana. Earlier, the 600 MW Kakatiya Thermal Power Plant Stage-II was commissioned in December 2015, at Bhoopalapally in Warangal district.