GFH/Wadhwa/ADANIENT/ ACH – Mumbai Economic Development Zone: Energy City – Maharashtra - Project Profile
"GFH/Wadhwa/ADANIENT/ ACH – Mumbai Economic Development Zone: Energy City – Maharashtra - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
The "GFH/Wadhwa/ADANIENT/ ACH – Mumbai Economic Development Zone: Energy City – Maharashtra - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.
Gulf Finance House (GFH), Wadhwa Group (Wadhwa), AsiaStar City Holdings Pte Ltd (ACH) and Adani Group (ADANIENT) are planning to undertake the Energy City as a part of Mumbai Economic Development Zone project in Maharashtra, India.
The project involves the construction of an energy city which will form a business hub with all the necessary components to cater for India’s growing hydro-carbon and renewable energy industry.
It will include the construction of office facilities, retail units, parking facilities, access roads and other related facilities, and the installation of generators and safety systems.
Jones Lang Lasalle and CBRE has been appointed as feasibility study consultants, Monarch Surveyors as surveyors, SENES Canada appointed as environmental consultant, HOK Canada as planner and Hafeez Contractor as architect.
On June 15, 2011, GFH signed a partnership agreement with Wadhwa for the first land parcel of the project.
On April 17, 2013, GFH signed a partnership agreement with AsiaStar City Holdings Pte Ltd. (ACH) for the second land parcel of the project.
On June 28, 2015, GFH signed a partnership agreement with ADANIENT to develop the project. Under the agreement, the financial group's unit Energy City Navi Mumbai (ECNM) and ADANIENT will work together in creating the master plan for the lands of second and third Phases of the project.
In August 2015, A total of US$28 million of dividends was distributed to investors from part of Mumbai Economic Development Zone (MEDZ) project.
MEDZ has been granted access rights to the Mumbai-Pune highway.
Planning activities are underway.
The project involves the construction of an energy city in New Panvel, Navi Mumbai, Maharashtra, India.
The US$2,500 million project includes the following:
1. Construction of office facilities
2. Construction of retail units
3. Construction of parking facilities
4. Construction of access roads
5. Installation of generators
6. Installation of safety systems
7. Construction of other related facilities
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