India's Largest Database on New Projects
October 16,
2006: In an attempt to provide greater flexibility in setting up of the
showpiece ultra mega power projects, the power ministry has moved a proposal
seeking to do away with the existing Rs.1,000 crore investment ceiling
applicable to public sector units for forming joint ventures.
A draft note to
this effect has been put up for the consideration of the Cabinet Committee on
Economic Affairs (CCEA). The finance ministry is considering the proposal.
This came in the
wake of NTPC’s bidding for all ultra mega power projects. In this connection
the ministry has also asked for information on public sector power major NTPC's
intention to bid for all ultra mega power projects. It has further sought
clarity on the company's plans for forming a consortium for the purpose.
Source: Business Standard