Union Government of India approved 13 Power Projects and 25 Oil & Gas Blocks
CCI approved 13 power projects that include hydro, thermal & transmission projects. Investment of 33000 crore rupees will be made on these projects.
The Cabinet Committee on Investment on 22 April 2013 cleared 13 power projects that involves investment of 33000 crore rupees. The projects on which the investments will be made include one hydro and two thermal project as well as ten transmission projects.
25 oil and gas blocks with investment commitment of about seven billion US dollars also got approval during the same meet. Of these 16 blocks were given conditional clearances, while nine blocks were approved without any condition. Approval of these projects was pending due to the objections raised by the Ministry of Defence over national security.
During the meet of Cabinet Committee on Investment in New Delhi twenty different power projects that await clearances from the Union Environment and Forest Ministry were also reviewed. The meet was headed by the Prime Minister of India, Dr. Manmohan Singh.