The power and environment ministries are working together on a policy
to fast-track project clearances by which clearances would be
considered as deemed in case central and state governments failed to
clear them within a specific deadline.
"The power and environment ministries are working together for a
policy to allow clearances within a time period. A lot of time is now
being consumed on environment and forestry clearances at state and
centre levels for power projects. Now, if you won't get those clearances
within a timeline, the clearances would be considered as deemed and the
company can start its work," Power Minister Jyotiraditya Scindia said
here Saturday at an interactive session during the 86th Annual General
Meeting of the Federation of Indian Chambers of Commerce and Industry.
The Cabinet Committee on Investments (CCI) has put in motion a
process to bring 255 stalled projects involving an investment of Rs 10
lakh crore for speedy clearance. On Friday it queried the power ministry
regarding land acquisition for ultra mega power projects (UMPP).
Scindia also said the power ministry will circulate two cabinet notes
within a month proposing changes in the Tariff Policy and Electricity
Act 2003.
"There would be two separate cabinet notes and I am speaking to
various stakeholders and it is set to come up within a month's time,"
Scindia said. The various stakeholders in this case are the Central Electricity
Authority (CEA), Central Electricity Regulatory Commission (CERC),
principal secretaries of all state governments and the power generation,
transmission and distribution utilities.
Source- Business standard
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