CCI clears way for Rs 50,000 cr of stalled power projects | business | Hindustan Times
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CCI clears way for Rs 50,000 cr of stalled power projects

business Updated: Aug 27, 2013 03:40 IST
HT Correspondent

The Cabinet Committee on Investment under Prime Minister Manmohan Singh that met on Monday to kickstart infrastructure projects worth Rs 1.9 lakh crore has paved the way for as many as 28 stalled power projects involving an investment of Rs 50,000 crore.

The considered power projects include Reliance Power's Rs 20,852-crore Sasan ultra mega power project, Essar Power's Rs 5700 crore Tori-I power plant in Jharkhand, and Jaiprakash Power Ventures' Rs 8,100-crore among others, sources in the know told HT.

Sources said the ministries and inter government departments have been given a 60 days deadline to resolve these issues.

Most of these projects were stuck due to various procedural delays including clearances from the environment and forest ministry and the ministry of commerce.

Details of the CCI meet are expected to be shared by power minister Jyoriraditya Scindia at a formal briefing on Tuesday.

Some 10 other projects that were taken up by the CCI included some in the roads and highways projects have also been cleared, sources said.