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BEL to manufacture Hydrogen fuel cells with technology from TEV
The Memorandum of Understanding (MoU) aims at tapping the demand for clean energy solutions for various applications, including e- mobility, by leveraging central government's thrust for adoption of clean energy fuels for applications in transport and energy storage, the Bengaluru-headquartered company said in a statement.
Navratna defence PSU Bharat Electronics Ltd has signed an MoU with US-based Triton Electric Vehicle for manufacturing Hydrogen fuel cells with technology transfer from the latter to meet the requirements of the Indian market and mutually agreed export markets.
The Memorandum of Understanding (MoU) aims at tapping the demand for clean energy solutions for various applications, including e- mobility, by leveraging central government's thrust for adoption of clean energy fuels for applications in transport and energy storage, the Bengaluru-headquartered company said in a statement.
TEV has set up its R&D centre and manufacturing facility in India. It has recently forayed into Hydrogen-run vehicles and started the journey of manufacturing Hydrogen-run two-wheelers, three-wheelers and buses, according to the statement.
Dharavi redevelopment & rehabilitation: Companies want project duration increased
Eight companies had evinced interest in the project, which has a timeline of seven years for rehabilitation of slum dwellers. However, the firms that have expressed interest want 10-12 years for completion.
Companies interested in the rehabilitation and redevelopment of Dharavi, one of Asia's largest slum clusters, have sought more time from the Maharashtra government authority for the completion of the over Rs 20,000 crore project.
The companies have sought a period 10-12 years for rehabilitation, setting up of infrastructure etc instead of the 7-year period granted by the Maharashtra government authority.
Further, for the entire redevelopment, the Maharashtra government authority has said that the project will be deemed to be completed after a period of 17 years. However, interested bidders have said that the duration is insufficient, according to the pre-bid clarification issued by the Slum Rehabilitation Authority (SRA).
Eight companies, including those from the UAE, South Korea and India’s Adani Group, had shown interest in redevelopment of Dharavi for which the last date of submission of bids is October 31. The Slum Rehabilitation Authority (SRA), under whose banner international tenders for the appointment of a lead partner for Dharavi redevelopment were floated, conducted a pre-bid meeting on October 11, in which the eight companies participated. However, the authorities have not disclosed the names of these firms.
What are the changes sought?
The original clause in the tender document states that the special purpose vehicle (SPV) formed for the Dharavi redevelopment project will have to conduct redevelopment of a specified area comprising slum and non-slum sections, buildings/chawls. The project includes development of necessary on-site and off-site infrastructure, including water supply, sewage disposal, electricity supply, piped gas infrastructure, as well as other amenities within seven years from the date of issuance of a commencement certificate for the first phase of the project.
However, the query raised by one or more of the interested companies in this regard has stated, "Considering the size, complexity, and constraints in availability of open land, the completion period for rehabilitation, renewal, amenities and Infrastructure components should be 10 or 12 years for each phase of redevelopment."
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