Project Monitoring Group clears 11 power projects worth Rs 52,000 crore have been cleared

Project Monitoring Group clears 11 power projects worth Rs 52,000 crore have been cleared. These projects were stalled for want of coal.

The fuel-supply agreements (FSAs) for the projects, including those promoted by Adani, GMR, Lanco and Haldia, will be signed by August 31, a senior Government official said.

The cleared projects: 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.

Most of these projects had problems relating to availability of coal, while some faced environmental clearance issues.

The four projects that were not cleared include one by Neyveli Lignite Corporation, which faces forest clearance issues.

The Project Monitoring Group (PMG), set up in the Cabinet Secretariat, is tasked with removing the bottlenecks for stalled projects, with an estimated bank funding of Rs 7-lakh crore.