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A formal definition is "The Special Purpose Entity is a fenced organization having limited predefined purposes and a legal personality". [1] Normally a company will transfer assets to the SPE for management or use the SPE to finance a large project thereby achieving a narrow set of goals without putting the entire firm at risk.
Typically, a private-sector consortium forms a special company called a special-purpose vehicle (SPV) to develop, build, maintain, and operate the asset for the contracted period. [25] [26] In cases where the government has invested in the project, it is typically (but not always) allotted an equity share in the SPV. [27]
On 28 January 2016, the governments of India and Gujarat established a Special Purpose Vehicle (SPV) called "Dholera Industrial City Development Ltd." (DICDL) for the development of the Dholera SIR. The Gujarat government owns 51% of the SPV through DSIRDA, and the Indian government owns 49% through DMIC Trust. [11] [12]
Rail Vikas Nigam Limited (RVNL) is an Indian central public sector enterprise (PSU) which works as the construction arm of the Ministry of Railways for project implementation and transportation infrastructure development. It was incorporated in 2003 to meet the country's surging infrastructural requirements and to implement projects on a fast ...
The SPV obtains various clearances, water linkage, coal mine allocation (for domestic coal based projects) etc. for the project. The SPV also initiates action for land acquisition in the name of the SPV, selects the developer through a tariff based competitive bidding process and finally transfers the SPV to the identified developer along with ...
The platform is owned by GeM SPV (Special Purpose Vehicle) which is a 100 percent Government-owned, non-profit company under the Ministry of Commerce and Industries, Government of India. [4] GeM is a contactless, paperless and cashless online marketplace that replaced the Directorate General of Supplies and Disposals (DGS&D) in 2016.
Experts say vehicle-based attacks are simple for a 'lone wolf' terrorist to plan and execute, and challenging for authorities to prevent.
Touwsrivier CPV Solar Project is a 44 MW p (36 MW AC) concentrator photovoltaics (CPV) power station located 13 km outside the town of Touwsrivier in the Western Cape of South Africa. [3] The installation reached full capacity in December 2014 and is the second largest operating CPV facility in the world. [ 4 ]