11 Power projects worth Rs 52000 cr cleared

Its effect of Prime Minister, Manmohan Singh as there were about 11 power plants worth Rs 52,000 crore have been cleared, according to reports.

These projects, cleared by the Prime Minister’s Project Monitoring Group, were stalled for want of coal.
The fuel-supply agreements for the projects, including those promoted by Adani, GMR, Lanco and Haldia, will be signed by August 31, report was quoted as saying.

                 The Project Monitoring Group (PMG), set up in the Cabinet Secretariat, was tasked with removing bottlenecks for stalled projects, with an estimated bank funding of Rs 7-lakh crore. According to reports, the cleared projects includes Maruti Clean Coal and Power, TRN Energy, Korba West Power, DB Power, Jhabua Power, Adani Power Maharashtra, GMR Kamalanga Energy, Lanco Babandh Power, Talwandi Power, Haldia Energy and Prayagraj Power Generation Co. have a total generating capacity of 10,390 MW and involve an investment of Rs 52,349 crore.