Govt says no to cap on number of power projects alloted to a firm
Press Trust of India / New Delhi Jul 07, 2009, 11:59 IST
The government today ruled out any possibility of putting cap on the number of ultra mega power projects alloted to a single player citing legal impossibility in doing so.
"The government cannot limit the number of ultra mega power projects alloted to a single player ... Legally it is not possible," Power Minister Sushil Kumar Shinde said at a function organised by industry body FICCI here today.
Concerns have been raised over the number of UMPP alloted to a single player as each high capacity project need huge investment of about Rs 20,000 crore.
"There no harm in awarding 10 such prestigious projects to a single company but we have to see whether it is capable of executing these," Shinde had said earlier.
On the Budget 2009-10, he said it has been very good for the power sector.
The Budget gave a big boost to power reforms programme by increasing allocation to Rs 2,080 crore, or a rise of 160 per cent from the previous fiscal.
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