Core group of secretaries on asset monetization - Latest News Update, Information, Photos & Videos on Core group of secretaries on asset monetization at Lokmat Times

New Delhi, Sep 24 The government proposes to expand the asset monetisation programme of transmission utility Power Grid Corporation by including even the Regulated Tariff Mechanism based assets for sale under the InvlT model.An InvIT is a pool of money collected from investors to run operational infrastructure projects in return for a regular yield to its unit holders.Government sources said that the Core Group of Secretaries on Asset Monetization has asked Power Grid to test the market for both Regulated Tariff Mechanism & Tariff Based Competitive Bidding assets worth Rs 10,000 crore each in two phases.The fresh directive is based on suggestions given by the NITI Aayog to bundle Regulated Tariff Mechanism (RTM) assets (which form 95% of PGCIL's asset base) along with TBCB assets to improve the viability of the package up for monetisation under the InvIT model.Sources said that a concept note on asset monetisation and approvals would be taken by October and the entire process would be completed by January 2021.The Cabinet Committee on Economic Affairs has already given its approval to the monetization of Power Grid Corporation of India's TBCB assets held through a special purpose vehicle (SPV), through an Infrastructure Investment Trust (InvIT).Now, even RTM assets may be bundled in the package to enhance the quantum of the asset monetisation exercise.The government is looking at asset monetisation for Power Grid so that it's proceeds could be utilized for fresh investment in the transmission network expansion and other capital schemes of the company.Monetisation of the first block of eligible SPVs is expected to be completed in FY 2020-21. Based on the experience gained and depending upon the eligibility for monetization further monetization shall be carried out in future, as per the directives and targets fixed by the Government of India. ( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Core Group Of Secretaries On Asset MonetizationFOLLOW

Core group of secretaries on asset monetization, Latest News

Business :Govt plans InvIT model to monetise even regulated tariff assets of PGCIL

New Delhi, Sep 24 The government proposes to expand the asset monetisation programme of transmission utility Power Grid Corporation ... ...