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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102511) | |
2041. India, Iran and Afghanistan sign Chabahar port agreement
- On 23 May 2016, India signed a historic deal to develop the strategic port of Chabahar in Iran and agreed on a three-nation pact to build a transport-and-trade corridor through Afghanistan that could help halve the time and cost of doing business with Central Asia and Europe.
- Developing the Chabahar port was seen as crucial for India because it will not only allow New Delhi to bypass Pakistan and access global markets but also counter China’s expanding influence in the Indian Ocean region.
- From Chabahar port, the existing Iranian road network can link up to Zaranj in Afghanistan. This road can then connect to the 218-km Zaranj-Delaram road -- constructed by India in 2009 at a cost of Rs 680 crore – and finally to Afghanistan’s Garland highway.
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2042. India gives $20 mn funding for Djibouti Cement Plant
- On 26 April 2007, It was reported that, India has provided additional funding of 10 million dollar to Djibouti for a cement plant project at Ali Sabieh, raising the total funding to $20 million.
- This will be done through a Line of Credit (LOC) by the Export-Import Bank of India (Exim Bank). The LOC agreement was signed in Delhi recently by the eastern African country Ambassador to India Youssouf Omar Doualeh and Exim Bank Chief General Manager P Dalal.
- The Exim Bank of India currently has 75 lines of credit in place, covering more than 80 countries with credit commitment aggregating to USD 2.03 billion.
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2043. Ghana presidency gets new palace built by India
- The amount was part of a ₹ 499.8 Crore facility from the Bharatiya government that has a 50 percent grant element, at an interest rate of 1.75 percent, repayable in 25 years
- The building’s original name was changed from Jubiliee House to Flagstaff House. Shapoorji Pallonji of India was named as contractor of the project, which started in 2006 and was completed in 2008.
- “Staff of the ministry of foreign affairs are to relocate from the administration block so that we can make a complete move to the Flagstaff House in 2013,” President Mahama said at a Christmas party over the weekend.
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2044. How the Indian Housing Project is transforming lives in Sri Lanka
- In June 2010, the Indian government announced that it would construct 50,000 houses in Sri Lanka at an outlay of 33 billion LKR in three phases.
- This was part of its rehabilitation support to Sri Lanka following damage and destruction during decades of conflict in the country’s Northern and Eastern Provinces.
- A fourth phase was added to the project in 2017. Close to 46,000 houses were built in different parts of Sri Lanka under the first two phases of the Indian Housing Project (IHP).
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2045. BHEL commissions hydro power plant in Rwanda
- On Dec 08 2014 State-run power equipment maker BHEL said it has commissioned a hydro power project in African country Rwanda.
- "BHEL has commissioned the 28 MW Nyaborongo Hydro Electric Project (2x14 MW) in Rwanda," a statement said.
- With the commissioning of this plant, the installed generation capacity of Rwanda has gone up by 24% from 119 MW to 147 MW.
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2046. Bhel launches Kosti thermal power plant in Sudan
- On Feb 05 2016, Power equipment maker Bharat Heavy Electricals Limited (Bhel) announced the inauguration of 500 Mw Kosti thermal power plant in Sundan, the largest in that country.
- Significantly, this is Bhel's largest oil-fired thermal power plant in the overseas market and also its first crude-oil fired thermal power plant in Africa.
- "Bhel built Kosti (UM DABAKER) Thermal Power Plant (4x125 Mw), the largest thermal power plant of Sudan, was inaugurated by His Excellency Omer Hassan Ahmed El-Basheer, President of Sudan," the company said in a statement.
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2047. Tanzania says India to finance $380 million of water projects
- On 18 Mar 2015 , India agreed to finance as much as $380 million of water projects in Tanzania’s commercial capital of Dar es Salaam and in coastal regions of the nation, the East African country’s presidency said.
- The Indian government has pledged to provide $100 million for facilities in Dar es Salaam and some coastal areas, and may provide a further $280 million to finance the second phase of the supply of clean and safe water from Lake Victoria to residents in Mwanza, Shinyanga and Simiyu regions, the presidency said in a statement on its website On 18 Mar 2015.
- About 12% of deaths in Tanzania, which has East Africa’s biggest economy after Kenya, were related to water, sanitation and hygiene in 2004, according to UN Water, the United Nations’ coordination mechanism for water-related issues, which cited World Health Organization data.
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2048. MP chastises government over Komenda Sugar Factory
- The Komenda Sugar Factory, built at a cost of $35 million from an Indian Exim Bank facility, was inaugurated by then President John Mahama On 30 May 2016.
- The factory has the capacity to crush 1,250 tonnes of sugarcane per day.
- The sugar factory, on completion, would provide 1,300 direct jobs to Ghanaians and over 5,000 auxiliary jobs would also be provided under the project.
2049. Tata Power's JV commissions 120 mw Zambia project
- On 4 February 2016, Tata Power announced the commissioning of its 120-mw joint venture Itezhi Tezhi hydro Power Project in Zambia, in which Tata Power has a 50 per cent stake," the company said in a statement.
- Itezhi Tezhi Power Corporation Ltd (ITPC) is a joint venture with Zambian parastatal utility ZESCO Limited (ZESCO), is a special purpose vehicle, which has been set to build and operate a 120 MW hydro power plant in Itezhi Tezhi district on Kafue River in Zambia.
- In another filing to BSE the company said that Tata Power through its joint venture company Industrial Energy Ltd (IEL) has synchronised the 67.5 mw unit 1 of its 202.5 mw IEL Kalinganagar project.
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2050. Modi, Afghan President inaugurate India-built Salma dam
- Marking another major success in India's reconstruction efforts in Afghanistan, Prime Minister of India along with Afghan President Ashraf Ghani on 4 June 2016, jointly inaugurated the Afghan-India Friendship Dam, earlier known as Salma Dam, built with Indian aid.
- Speaking at the inauguration ceremony, Ghani said that with India's help a longstanding dream of Afghanistan has been realised after 40 years.
- Three turbines on the dam will produce 42 MW of electricity and the water will irrigate around 75,000 hectares of land.