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Our project monitoring software: Find out why banks and feedstock suppliers find it helpful
Jan 12: As any equipment and service provider will know, the capital approval date is an important milestone in the progress of a project. Until that happens, the project is just a lot of talk, particularly when it comes to mid-sized or small companies.
8Our mechanical engineers working on the project monitoring software have four important dates on which they keep continuous vigil through their contracts on the ground. And these are the capital approval date, the next RFQ date, the actual release date (these two dates are continuously updated depending upon the phase and  state of a project), the start-up date and the commissioning date.
8Two of these dates cater to a set of clients which are not necessarily equipment and service suppliers.
8Banks and financial institutions are keen to know when the capital approval date is coming up, so that they can pitch for loans and other financial services.
8Raw material suppliers keep an eye on the commissioning date as a few months before that happens, the owners of the project being looking to source raw material or feedstock requirements for the project upon its commissioning.
The website carries here one instance where the owner of a greenfield hydro electric power project has begun discussion with banks for a loam. Our feedback is that he is willing to speak to to as many banks as possible for better terms.
8Project Cost: 900 crores
8Project Description: The RFQ for a greenfield 85 MW (2*42.5 MW) hydroelectric plant has been delayed on account of delay in the environment clearance and techno-economic clearance due to protest amongst the villagers even after a public hearing was conducted again in December 2017. Environment Clearance is pending which is likely to be elicited in 4-5 months. Forest Clearance is also pending at the DFO level. Techno-economic clearance from the CEA was submitted on July 2016 and it is pending. Currently, the owner is in discussion with  financial institutions for funding of project. RFQs for civil works are expected after environmental clearance.
8Project Event: RFQs for civil works are expected by Q4 2018.
8Expenditure Approval: Apr/2018
8RFQ Date: Q4:2018
8Release Date: Q1:2019
8Start Date: Q4:2019
8Completion Date: Q4:2024
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