New Delhi, January 19: Government of India, in order to boost the infrastructural development of the country, boost agriculture, greater trade, investment, tourism, cultural exchange, civil aviation, hydroelectric project etc has approved several MoUs with Greece, Australia, Poland, Nepal etc. This is the major step from Government to bring the prosperity and to boost the economy of the country. Notably, all the approvals are given by the Union Cabinet chaired by the Prime Minister Narendra Modi on Wednesday.
i) Approval of Air Services Agreement between India and Greece.
The Agreement has the potential to spur greater trade, investment, tourism and cultural exchange between the two countries bringing it in tune with the developments in the civil aviation sector. It will provide enabling the environment for enhanced and seamless connectivity while providing commercial opportunities to the carriers of both the sides ensuring greater safety and security.
The essential features of the ASA are as follows:
a) Both countries shall be entitled to designate one or more airline.
b) The designated airlines of either country shall have the right to establish offices in the territory of the other country for the promotion end sale of air services.
c) The designated airlines of the two countries shall have fair and equal opportunity to operate the agreed services on specified routes.
d) The designated Airline of each party can enter into cooperative marketing arrangements with the designated carriers of the same party, other party and a third country.
e) As per the Route Schedule, the Indian carriers can operate to Athens, Thessaloniki, HerakIion and any 3 points to be specified later in Greece from points in India, whereas the carriers of Hellenic Republic can establish a direct operation to 6 meters viz. New Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and Chennai. Any points shall be available as intermediate and beyond the point for the designated carriers of India as well as the designated carriers of Greece.
At present, there is no ASA between India and Greece. The delegations of two sides met in New Delhi on 6-7th September 2016 and finalized the text of ASA. The agreement is as per latest International Civil Aviation Organisation (ICAO) template keeping in view the latest developments in the civil aviation sector and with an objective to improve the air connectivity between the two countries.
The MoU will provide an opportunity to Indian aviation security authorities to share the expertise of their Australian counterparts and enhance the overall aviation security environment in India. The MoU will also provide compliance of international obligation as well as enhance promotion in the area of security cooperation between the two countries.
The agreement covers various activities in the field of agriculture and allied sector including the exchange of information on the current situation in agriculture, the phytosanitary conditions of crops, threats posed by harmful organisms and the threats posed by animal infectious diseases. It also covers the participation in fairs, exhibitions, seminars and conferences related to agriculture and agri-food processing; undertaking and developing joint economic initiatives including the support or agrifood trade between the states of the Contracting Parties.
The Agreement provides for constitution of a Joint Wording Group (JWG) comprising of representatives from both countries. The JWG will prepare plans for cooperation and to provide solutions to the problems arising during the implementation of the Agreement.
According to this proposal:
a) Investment for generation component of Arun-3 HEP (900 MW) for an estimated cost of Rs. 5723.72 crore at May 2015 Price Level.
b) Completion period of the project shall be 60 months from the date of financial closure which is planned for September this year.
c) Ex-post facto approval for the existing implementing agency, already incorporated in the name of SJVN Arun-3 Power Development Company (P) Limited (SAPDC) registered in Nepal as a 100% subsidiary of SJVN Limited for implementing the project.
d) Any component of work already or being made by the Nepalese authorities shall be so certified by Central Electricity Authority (CEA) and shall be accordingly deducted from the project cost requirements,
The project is located on Arun River in Sankhuwasabha District of Eastern Nepal. The Run-of-River scheme envisages about 70 mt. high concrete gravity dam and Head Race Tunnel (HRT) of 11.74 Km. with underground Power House containing four generating units of 225 MW each on Left Bank.
SJVN limited bagged the project through International Competitive Bidding. A MoU was signed between Government of Nepal and SJVN Limited for the project in March 2008 for execution on Build Own Operate and Transfer (BOOT) basis for a period of 30 years including five years of construction period. The Project Development Agreement (PDA) signed on 25.11.2014, which provides 21.9% free power to Nepal for the entire concession period of 25 years. Employment generation of around 3000 persons is envisaged in the construction of the project from both India and Nepal.
The project will provide surplus power to India strengthening power availability in the country and will also strengthen economic linkages with Nepal. The power from the project shall be exported from Dhalkebar in Nepal to Muzaffarpur in India.