The group of ministers on coal, headed by finance minister Pranab Mukherjee decided at its third meeting to speed up clearances for eight critical infrastructure projects on a priority basis.
A senior official close to the development said that “Investments running in thousands of crores have already been made in these projects. This was the main decision of the GoM meeting.”
The official said that “While some investments have been made in these blocks, a majority of the investments has been in the end-use projects.”
To take a final call on the fast tracking of the clearance process for stranded projects, the GoM decided to meet for the fourth time on July 2.
The eight projects, which will get priority treatment for clearance of coal blocks attached to them, belong to top corporate houses, including Adani, Reliance, Aditya Birla Group and Essar.
The Adani Group has sought forest clearance for Lohra West and Lohra Extension blocks to set up a power plant of 3,300 MW at Tiroda in Maharashtra. The Aditya Birla Group has sought faster forest clearance for the Mahan coal block, jointly allocated to Hindalco, its flagship company and Essar Power. Another coal block the GoM decided to recommend for faster clearance, is Chhatrasal, linked to the 4,000 MW Sasan ultra mega power project being set up by Reliance Power.
According to the coal ministry, 203 coal blocks, linked to power projects, with a production capacity of 130,000 MW, have been stuck in no go areas. Overall, investments worth INR 40,000 crore have already been made in end use projects in the power, steel and cement sectors, which have links with captive blocks in the no go areas. (sourced from BS)
A senior official close to the development said that “Investments running in thousands of crores have already been made in these projects. This was the main decision of the GoM meeting.”
The official said that “While some investments have been made in these blocks, a majority of the investments has been in the end-use projects.”
To take a final call on the fast tracking of the clearance process for stranded projects, the GoM decided to meet for the fourth time on July 2.
The eight projects, which will get priority treatment for clearance of coal blocks attached to them, belong to top corporate houses, including Adani, Reliance, Aditya Birla Group and Essar.
The Adani Group has sought forest clearance for Lohra West and Lohra Extension blocks to set up a power plant of 3,300 MW at Tiroda in Maharashtra. The Aditya Birla Group has sought faster forest clearance for the Mahan coal block, jointly allocated to Hindalco, its flagship company and Essar Power. Another coal block the GoM decided to recommend for faster clearance, is Chhatrasal, linked to the 4,000 MW Sasan ultra mega power project being set up by Reliance Power.
According to the coal ministry, 203 coal blocks, linked to power projects, with a production capacity of 130,000 MW, have been stuck in no go areas. Overall, investments worth INR 40,000 crore have already been made in end use projects in the power, steel and cement sectors, which have links with captive blocks in the no go areas. (sourced from BS)
Posts
No comments:
Post a Comment