The South Delhi Municipal Corporation’s composting plant in Okhla received Rs.25 lakh as carbon credits from the United Nations Framework Convention on Climate Change. The plant, which has been set up under a Public Private Partnership model with Infrastructure Leasing and Financial Services Limited, has processed two lakh tonnes of municipal solid waste into high compost through aerobic composting technology.
IL&FS Education and Technology Services Limited (IL&FS Education) have been engaged by the Community & Rural Development Department, Government of Meghalaya to impart skills to rural youth from BPL families and make them employable. Read the complete article at the following link.
The Waste Management strategy for treatment and disposal of Mumbai's 6,000 tons per day of municipal solid waste which focuses on environment friendly technologies including Composting and Biomethanation has been developed by IL&FS. The Landfill Project at Gorai, has been completed in 24 months, commissioned in February, 2010, at a total capital cost of Rs. 50 crore. After competitive bidding, IL&FS was selected as the project developer and environmental consultants to MCGM. The transaction is one of the largest carbon advance transactions in the Clean Development Mechanism (CDM).
IL&FS Education and Technology Services (IETS), has raised private equity capital of Rs. 172 crore from India Equity Partners (IEP) through a combination of primary and secondary capital. IETS the educational-focused subsidiary of IL&FS provides holistic end-to-end solutions in education and training to schools, colleges, vocational training institutes, government and the corporate sector.
The BMC has appointed Infrastructure Leasing and Financial Services Ltd (IL&FS), as consultants for the Gorai Dumping Ground Closure Project. A scientific closure of the dump was recommended as it had reached saturation point. The cost of the project, the first of its kind in the country, is Rs 62 crore, which includes post-closure maintenance of 15 years.
The BMC has appointed IL&FS as consultants for the Rs 50-crore project for which 40 wells have been dug up at the site to capture, treat and release the methane gas emitted from the site. In a first-of-its-kind plan, the civic body hopes not only to earn about 1.63 million carbon credits (CER), but also generate about 3MW to 4MW of electricity every day from the methane gas emitted from there. "The carbon credits will not only contribute to checking global warming, but will also earn us a handsome revenue of Rs 65.5 crore — at a minimum rate of US $10 for every CER assured by the World Bank,' said additional municipal commissioner R A Rajeev. The Gorai closure is projected to be over by the end of this year and expected to earn CERs from May, 2009.
Thursday,Aug 21, 2008 Hindustan Latex (HLL), which operates under the health ministry, will manufacture medical devices. They have signed an agreement with Infrastructure Leasing and Financial Services (IL&FS) for the purpose. IL&FS, the project consultant for the project, is a leader in developing industrial clusters on public-private partnership. The company would identify the prospective investors, structure the project and provide engineering and financial services to the project.
Infrastructure Leasing and Finance Services (IL&FS) Development Corporation is laying down the blueprint for multi-level bus terminals with taxi stands, private food chain outlets and shopping complexes in Gujarat, Punjab, West Bengal, Orissa, Bihar Andhra Pradesh and Karnataka.
Thursday,Jun 12, 2008 The Community Service Centre (CSC) Project being rolled out under the national e-governance action plan could soon get an impetus, with the National Spot Exchange of India Ltd (NSEIL) agreeing to provide farmers access to spot prices of various farm produce at the CSCs. IL&FS is the national level service agency appointed by the Ministry of Information Technology for project development, facilitation and coordination of the CSC project.
Wednesday,Jun 11, 2008 Punjab National Bank (PNB) entered into a Memorandum of Understanding (MoU) with ILFS Cluster Development Initiative Ltd (ILFS-CDI) to help finance a variety of industrial infrastructure projects and small and medium enterprise (SME) units in identified clusters. Under the MoU, ILFS CDI will be responsible for sourcing of the projects, project structuring, project development, engineering and procurement, project management and project monitoring. PNB will finance the projects