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CCI reviews key projects over Rs 1000 crores

CCI reviews key projects over Rs 1000 crores
The Cabinet Committee on Investment (CCI) has reviewed the status of twenty projects with investment of Rs.1000 crore or more which were pending for different types of approvals and clearances with a view to expediting decisions on approvals and clearances.

The projects were identified in transmission, hydro and thermal sector where various clearances are pending mostly with Ministry of Environment & Forests (MoEF). There were 10 projects from transmission sector awaiting clearances for Stage-I and Stage-II forest clearance from MoEF, three projects from hydro sector and seven projects from thermal sector awaiting clearances from other Ministries.

Out of 20 projects, 13 (Transmission - 10; Hydro - 1 and Thermal - 2) projects involving investment of about Rs.33,000 crore have been cleared and one has already been recommended by the Expert Advisory Committee (EAC) of MoEF for clearance. For the other two projects Ministry of Power has decided not to move the proposal to CCI and is following up with the Ministry of Coal. For remaining four projects, matter is being followed up with state governments and other ministries/agencies for clearances.

Read more about: cci
Story first published: Tuesday, April 23, 2013, 11:04 [IST]
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