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The Karnataka government is in talks with GAIL India and Hindustan Petroleum Corporation (HPCL) for procuring about 26 mmscmd for a total gas capacity of 2,100 Mw. The Karnataka government is in talks with both Indian as well as international energy companies to arrange gas for three power plants at Davangere, Gadag and Belgaum for which it is planning to seek bid. Reviving these three power projects is a part of the state government's plan to infuse private capital into infrastructure development in the state. Each of these power plants has a capacity of 700 Mw each, and entails a project cost of Rs 3,500 crore.
The state government made failed attempts to seek bids for three power plants in 2010 as the private power producers had expressed concerns on their ability to procure gas by themselves. The expression of interest (EoI) was called for these projects and Request for Qualifications (RFQ) was issued, but players demanded the state government to get a fuel linkage in place.
The problem surfaced as the private power producers expected at least some of the gas required to run these projects would come from domestic sources. However, the state government shifted their focus completely to imported gas or liquefied natural gas (LNG) after the domestic gas situation in the country became lean as RIL's D6 block's production, in Krishna Godavari district dropped.
Meanwhile, the state government, which is going on a global investor meet in June, is also planning to engage in talks with United Arab Emirates based gas suppliers for these projects as well. Additionally, after the contracts for the supply of liquefied natural gas (LNG) are finalised, the state government will also work on setting up an LNG terminal at Tadadi port in North Karnataka.
| Company Name | CMP |
|---|---|
| Reliance Industries | 2939.45 |
| Indian Oil Corp. | 164.10 |
| BPCL | 600.10 |
| HPCL | 523.55 |
| MRPL | 205.45 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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