Five New Ultra Mega Power Projects of 20,000 MW Capacity To Be Set Up : Jaitley

February 28, 2015November 12, 2018 B M 0 Comments

28 New Delhi

Five new Ultra Mega Power Projects of the total capacity of 20,000 MW, will be set up in the country,Finance Minister Arun Jaitley announced Saturday.

Presenting General Budget 2015-16 in the Lok Sabha, Jaitley said, ”All clearances and linkages will be in place before the project–each of 4000Mw capacity-, is awarded in a transparent auction system.” ”This shall unlock investments to the extent of Rs one lakh crore,” he said.

Jaitley said the Government would also consider similar plug-and-play projects in other infrastructure projects such as roads, ports, rail lines and airports.

The Finance Minister announced that the second unit of Kudankulam Nuclear Power Station will be commissioned in 2015-2016, he said.