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Govt rules out putting cap on number of UMPP alloted to a firm

Govt rules out putting cap on number of UMPP alloted to a firm
PTI
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First Published: Tue, Jul 07 2009. 11 38 AM IST
Updated: Tue, Jul 07 2009. 11 38 AM IST
New Delhi: The government on Tuesday 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.
Concerns have been raised over the number of UMPP alloted to a single player as each high capacity project need huge investment of about Rs20,000 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 Rs2,080 crore, or a rise of 160% from the previous fiscal.
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First Published: Tue, Jul 07 2009. 11 38 AM IST