With a planned investments of Rs 85,141 crore
the government has set rigid datelines to clear the bottlenecks holding up nine private projects including those in power sector. The Prime Minister-headed Cabinet Committee on Investments (CCI) reviewed the projects.
Union Finance Minister P Chidambaram on August 27 said the CCI took up on August 26 the nine private projects on case-to-case basis. Of the total investment involved in these projects, Rs 25,034 crore has been released by banks and other financial institutions. These projects include Sasan Power, L&T Metro Rail, Hindalco Industries (project in Odisha will be placed before the SEZ approval Board on August 30), Jaiprakash Power Ventures, GMR Kishangarg expressway (the matter will be taken to the Cabinet by September 15).
The other projects that were reviewed by CCI are JAS Infra and Power, Utkal Alumina, Athena Chhattisgarh Power (fuel supply agreement would be signed by September 9), and Essar Power’s Tori-I power plant (to get all approvals by September 20) . Chidambaram said the high-level panel reviewed 36 infrastructure projects with a total investment of Rs 1.83-lakh crore.