Cabinet panel set to give 28 power projects a big push
The Cabinet Committee on Investment (CCI) is likely to set the ball rolling for 28 stalled mega power projects, involving investments of Rs 1,72,000 crore, on Monday. These projects, slated for discussion at the CCI meeting, are expected to get cleared.
Though their real impact on growth might be visible only after a few years, these decisions would boost sentiment and help address the questions being raised about the government’s so-called lackadaisical approach towards big projects.
Of the projects coming for discussion are those for 18 power plants — worth around Rs 82,000 crore — stuck over issues related to fuel supply agreements (FSAs). According to officials in the know, CCI is likely to ask for an undertaking from the coal ministry that these FSAs will be signed by August 31.