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News Brief | September 2013

Cabinet Clears Mega Power Projects

The Cabinet Committee on Investment has cleared a slew of project investments, in which it has given go ahead to 18 power projects worth Rs 83,772 cr and nine other projects worth Rs 92,500 cr. The banks have already disbursed Rs 30,000 cr for the power projects. The government has asked that the fuel supply agreement (FSA) for the power projects should be completed by August 31 and if there is any pending FSA that has to completed by September 6. Regarding the other nine projects, Finance Minister P Chidambaram said those projects are in petroleum and natural gas, roads, railways and steel sectors.
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