Cabinet clears power projects worth over Rs.83,000 crore

Cabinet clears power projectsNew Delhi : The Cabinet Committee on Investment has cleared a slew of project investments, in which it has given go ahead to 18 power projects worth Rs. 83,772 crore and nine other projects worth Rs.92,500 crore, Finance Minister P. Chidambaram said here Tuesday.

He said the banks have already disbursed Rs.30,000 crore for the power projects. The government has asked that the fuel supply agreement (FSA) for the power projects should be completed by Aug 31 and if there is any pending FSA that has to completed by Sep 6.

Regarding the other nine projects, Chidambaram said those projects are in petroleum and natural gas, roads, railways and steel sectors.

“Banks have already disbursed Rs.26,000 crore for the other nine projects,” the finance minister said.