Miniratna Current Affairs - 2019
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RailWire Wi-Fi by RailTel is now live at 1600 railway stations across the country. The Santacruz railway station in Mumbai became the 1600th station to become a RailWire Wi-Fi zone.
RailWire is a retail Broadband initiative of the RailTel. It envisages extending broadband and application services to the public. RailTel is working to establish bringing fast and free Wi-Fi at all stations (except the halt stations) within a year.
RailTel has provided high-speed Wi-Fi at 985 stations with its funding. The Wi-Fi at 415 A, A1 and C category stations has been provided in association with Google as the technology partner. Wi-Fi connections at 200 stations were provided with support from the Universal Service Obligatory Fund of the Government of India.
Universal Service Obligation Fund
Universal Service Obligation Fund was instituted by the government of India to help fund projects to boost connectivity in rural areas. The money for this fund comes through a ‘Universal Access Levy,’ charged from the telecom operators as a percentage of various licenses fees being paid by them.
RailTel Corporation of India Ltd. is a Miniratna public sector enterprise of Government of India. It is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fibre network on exclusive Right of Way (ROW) along Railway track.
The Cabinet Committee on Economic Affairs (CCEA) has approved the acquisition of debt-laden Lanco’s 500 MW Teesta hydro-electric power project in Sikkim by state-owned NHPC.
Taking over of Lanco Teesta Hydro Power Ltd
- NHPC will take over debt-laden Lanco’s 500 MW Teesta hydro-electric power project for Rs 907 crore in Sikkim.
- CCEA has sanctioned the funds for the acquisition and execution of balance work of the Teesta Stage-Vl Hydro Electric Project by the NHPC Ltd.
- The total cost of the project would be Rs 5,748.04 crore (at July 2018 price level), which includes a bid amount of Rs 907 crore for acquisition and estimated cost of balance work of Rs 3,863.95 crore, which includes Interest During Construction (IDC) and Foreign Component (FC) of Rs 977.09 crore
Teesta Stage-Vl Hydro Electric Project
- Teesta Stage-Vl Hydro Electric Project is a Run of River (RoR) project in Sirwani Village of Sikkim to utilize the power potential of Teesta River Basin in a cascade manner.
- The project involves the construction of a 26.5-metre high barrage across river Teesta.
- The estimated power generation is 2,400 million units of electricity in a 90 per cent dependable year with an installed capacity of 500 MW (4x125MW).
NHPC Limited, formerly known as National Hydroelectric Power Corp. was incorporated as Central Govt. Enterprise for development of Hydro Power in Central Sector on 7th November 1975. Over the years NHPC has evolved as the largest central utility for hydropower development in India. NHPC is mandated to plan, promote and organize an integrated and efficient development of power in all aspects through Conventional and Non Conventional Sources in India and abroad.
NHPC which is a premier organization in the country for the development of hydropower has an authorised capital of about Rs.15,000 crores and has a Miniratna status.