Home Masterbuilder FM proposes to set up 5 new ultra-mega power projects

FM proposes to set up 5 new ultra-mega power projects

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CGPLThe Union Government planning to set up five new ultra mega power projects, each of 4000 MW in the plug-and-play mode. Presenting the General Budget 2015-16, finance minister Arun Jaitley stated that all clearances and linkages will be in place before the project is awarded by a transparent auction system. Investments of about Rs 1 lakh crore are estimated for these projects. Jaitley said the Government would also consider similar plug-and-play projects in other infrastructure projects such as roads, ports, rail lines, airports etc. The Finance Minister announced that the second unit of Kudankulam Nuclear Power Station will be commissioned in 2015-2016.

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