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46 projects, 11 States and counting… ✅ Made in Bharat components such as PCBs, Li-ion cells, connectors, camera & display modules, & key sub-assemblies to power the electronics globally

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Ashwini Vaishnaw

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44,886 просмотров • 7 месяцев назад •via X (Twitter)

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7 projects worth ₹5,500 crore+ approved under Electronics Component Manufacturing Scheme. Multi-layer & High Density PCBs, Copper Clad Laminates, Camera Modules & Polypropylene Film will now be ‘Made in Bharat’. 🇮🇳 These components will meet: ✅ 20% of domestic PCB demand ✅ 100% of Copper Clad Laminates demand ✅ 15% of Camera Modules demand
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Miles Teller announced yesterday that he made $325 million off the sale of an investment in The Long Drink Company. More power to him. One would think this would allow Teller all the financial freedom in the world to pick & choose projects going forward as an actor.
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Consistency, versatility, and domination — Hayha's 2022 • 650,000+ checkouts in a single year 🛒 • 15 new modules added to our platform 🎯 • MILLIONS of dollars made for our users 💰 Let's keep up the momentum in '23! 🙏 ♻️ RT & ❤️ Like for a chance to win a FREE key.
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Dear Hon. @SupaMandiwanzira, Thank you so much for your insightful and PASSIONATE comments on the 30MW Gairezi Hydro Power Project and more importantly, for consistently REPRESENTING the genuine expectations and hopes of the people of Nyanga Constituency. I fully appreciate and SHARE the frustration within the constituency, particularly after the preparatory works that were done and the excitement that was created around EMPLOYMENT prospects which the Project would have created. As Zimbabweans, we all want to see such projects being COMMISSIONED because beyond electricity, they carry real socio-economic benefits for communities. Allow me to clarify and give a brief summary of the pertinent facts ; The tender for the Gairezi 30 MW Hydro Project was not awarded to “CHIVAYO” personally, but to a consortium led by an Indian Multi-billion dollar Government-owned engineering conglomerate BHEL(Bharat Heavy Equipment Limited ), working together with Angelique International Ltd , while Intratrek Zimbabwe (Pvt) Ltd participated as their local contractor. Like many local contractors across Africa, Intratrek rides on the CREDIBILITY, bankability and TECHNICAL CAPACITY of international OEM partners in order to achieve project delivery. In this case, that international credibility was precisely what made the consortium competitive and to be awarded the tender as the LOWEST compliant bidder to specification. The fundamental issue that prevented implementation was challenges in achieving FINANCIAL CLOSURE. The project cost was USD 113 million for 30MW, which made the business case extremely DIFFICULT to finance when tested against the lenders’ requirements of Return on Investment, yield, asset return, plant load factor, and overall BANKABILITY. In simple terms, it is not enough to have a technically feasible hydro power plant. Financiers must be satisfied that the project has sustainable CASHFLOWS and repayment security. Unfortunately, the FINANCIAL MODEL struggled to meet that threshold. It is also important for both you and the general public to understand how projects like this actually work. Before any DISBURSEMENT is made, there are strict project finance requirements such as Letters of Credit, Advance Payment Guarantees, Performance Guarantees, supplier guarantees, OEM confirmations and technical milestones such as Factory Acceptance Tests and inspections for key equipment. As Contractors, we even incur substantial UPFRONT COSTS during the cumbersome bidding process for international travel to OEMs often in India and elsewhere overseas, before the final tender submission. So if anything, Contractors also get DISAPPOINTED when projects stall, because we invest real money and expert a return out of it. We are always ready to execute because the more we CONSTRUCT and commission projects, the more we EARN through fairly reasonable margins. It is however understandable that in this case, ZESA through Government ultimately prioritised high-yield generation projects such as Hwange Units 7 & 8 which gave a total output of 600MW after project execution and commissioning . In simple terms , suffice it to say this explains why the Gairezi project and others such as Harare and Munyati Repowering Projects were held in abeyance. I therefore respectfully acknowledge your concerns as an Hon. Member, and I look forward to the project being REVISITED by Government and the most ideal funding structure being considered for its development. I hope this clarification assists the public to understand and all those making SPECULATIVE comments suggesting that payments were made , should also be respectfully guided accordingly. I THANK YOU.
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Dear Hon. @SupaMandiwanzira, Thank you so much for your insightful and PASSIONATE comments on the 30MW Gairezi Hydro Power Project and more importantly, for consistently REPRESENTING the genuine expectations and hopes of the people of Nyanga Constituency. I fully appreciate and SHARE the frustration within the constituency, particularly after the preparatory works that were done and the excitement that was created around EMPLOYMENT prospects which the Project would have created. As Zimbabweans, we all want to see such projects being COMMISSIONED because beyond electricity, they carry real socio-economic benefits for communities. Allow me to clarify and give a brief summary of the pertinent facts ; The tender for the Gairezi 30 MW Hydro Project was not awarded to “CHIVAYO” personally, but to a consortium led by an Indian Multi-billion dollar Government-owned engineering conglomerate BHEL(Bharat Heavy Equipment Limited ), working together with Angelique International Ltd , while Intratrek Zimbabwe (Pvt) Ltd participated as their local contractor. Like many local contractors across Africa, Intratrek rides on the CREDIBILITY, bankability and TECHNICAL CAPACITY of international OEM partners in order to achieve project delivery. In this case, that international credibility was precisely what made the consortium competitive and to be awarded the tender as the LOWEST compliant bidder to specification. The fundamental issue that prevented implementation was challenges in achieving FINANCIAL CLOSURE. The project cost was USD 113 million for 30MW, which made the business case extremely DIFFICULT to finance when tested against the lenders’ requirements of Return on Investment, yield, asset return, plant load factor, and overall BANKABILITY. In simple terms, it is not enough to have a technically feasible hydro power plant. Financiers must be satisfied that the project has sustainable CASHFLOWS and repayment security. Unfortunately, the FINANCIAL MODEL struggled to meet that threshold. It is also important for both you and the general public to understand how projects like this actually work. Before any DISBURSEMENT is made, there are strict project finance requirements such as Letters of Credit, Advance Payment Guarantees, Performance Guarantees, supplier guarantees, OEM confirmations and technical milestones such as Factory Acceptance Tests and inspections for key equipment. As Contractors, we even incur substantial UPFRONT COSTS during the cumbersome bidding process for international travel to OEMs often in India and elsewhere overseas, before the final tender submission. So if anything, Contractors also get DISAPPOINTED when projects stall, because we invest real money and expert a return out of it. We are always ready to execute because the more we CONSTRUCT and commission projects, the more we EARN through fairly reasonable margins. It is however understandable that in this case, ZESA through Government ultimately prioritised high-yield generation projects such as Hwange Units 7 & 8 which gave a total output of 600MW after project execution and commissioning . In simple terms , suffice it to say this explains why the Gairezi project and others such as Harare and Munyati Repowering Projects were held in abeyance. I therefore respectfully acknowledge your concerns as an Hon. Member, and I look forward to the project being REVISITED by Government and the most ideal funding structure being considered for its development. I hope this clarification assists the public to understand and all those making SPECULATIVE comments suggesting that payments were made , should also be respectfully guided accordingly. I THANK YOU.

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You don’t know how proud this made me. This is a huge deal. My friend’s son was in the Vienna Boys’ Choir & we used to talk about how Vienna is the capital of classical music. It is such an honor to perform there and as an ELF, I am extremely proud. *Cr to owners of the vids*

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Iran’s new strike strategy could turn an air war into a ground war in the Middle East. Iran has reportedly targeted a desalination plant in Bahrain, a critical facility that converts seawater into drinking water. In Gulf countries such as Saudi Arabia, United Arab Emirates, Kuwait and Qatar, desalination plants are essential because natural freshwater sources are extremely limited. These plants are usually located near power stations and oil refineries. If they are disrupted, water supply, energy production and industrial operations across the region could be affected. Such strikes could increase internal pressure on Gulf countries to push the United States to change its strategy against Iran. The situation also matters for India. Many Middle Eastern countries export key fertilizers such as urea to India. If supply routes through the Strait of Hormuz are disrupted, fertilizer prices and agricultural costs in India could rise. This shows how interconnected this conflict is. A single strike in the Middle East can affect water, energy, food and global trade. Jai Hind. Jai Bharat. 🇮🇳
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Iran’s new strike strategy could turn an air war into a ground war in the Middle East. Iran has reportedly targeted a desalination plant in Bahrain, a critical facility that converts seawater into drinking water. In Gulf countries such as Saudi Arabia, United Arab Emirates, Kuwait and Qatar, desalination plants are essential because natural freshwater sources are extremely limited. These plants are usually located near power stations and oil refineries. If they are disrupted, water supply, energy production and industrial operations across the region could be affected. Such strikes could increase internal pressure on Gulf countries to push the United States to change its strategy against Iran. The situation also matters for India. Many Middle Eastern countries export key fertilizers such as urea to India. If supply routes through the Strait of Hormuz are disrupted, fertilizer prices and agricultural costs in India could rise. This shows how interconnected this conflict is. A single strike in the Middle East can affect water, energy, food and global trade. Jai Hind. Jai Bharat. 🇮🇳

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#WATCH | Delhi: After the 56th GST Council meeting, Union Finance Minister Nirmala Sitharaman says, "GST reduced from 28% to 18% on small cars and motorcycles which are equal to or below 350 cc." Reduction of GST from 28 to 18% on buses, trucks, and ambulances. Uniform rate of 18 % on all auto parts. Three wheelers from 28 to 18%. "The long-pending inverted duty structure problem is getting corrected for the man-made textile sector by reducing the GST rate on man-made fibre from 18% to 5% and man-made yarn from 12 to 5%." We are also correcting the inverted duty structure problem in the fertiliser sector by reducing GST from 18% to 5% on sulfuric acid, nitric acid and ammonia. Reduction of GST from 12 to 5% on renewable energy devices and parts for their manufacture such as biogas plants, windmills, wind-operated electricity generators, waste to energy plants, devices, PV cells, whether or not assembled in modules or made up in panel, solar cookers, solar water heaters and systems and so on.
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#WATCH | Delhi: After the 56th GST Council meeting, Union Finance Minister Nirmala Sitharaman says, "GST reduced from 28% to 18% on small cars and motorcycles which are equal to or below 350 cc." Reduction of GST from 28 to 18% on buses, trucks, and ambulances. Uniform rate of 18 % on all auto parts. Three wheelers from 28 to 18%. "The long-pending inverted duty structure problem is getting corrected for the man-made textile sector by reducing the GST rate on man-made fibre from 18% to 5% and man-made yarn from 12 to 5%." We are also correcting the inverted duty structure problem in the fertiliser sector by reducing GST from 18% to 5% on sulfuric acid, nitric acid and ammonia. Reduction of GST from 12 to 5% on renewable energy devices and parts for their manufacture such as biogas plants, windmills, wind-operated electricity generators, waste to energy plants, devices, PV cells, whether or not assembled in modules or made up in panel, solar cookers, solar water heaters and systems and so on.

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31,165 просмотров • 11 месяцев назад