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No foreign-funded power project awaiting approval: Pranab

No foreign-funded power project awaiting approval: Pranab
PTI
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First Published: Fri, Jul 17 2009. 03 08 PM IST
Updated: Fri, Jul 17 2009. 03 08 PM IST
New Delhi: Finance minister Pranab Mukherjee on Friday informed the Lok Sabha that no foreign-funded power project was pending with his Ministry for approval.
Mukherjee, however, said there were seven projects from Andhra Pradesh, West Bengal, Maharashtra, Gujarat and Uttar Pradesh pertaining to the power sector that were included in the rolling plan for funding from Japan.
Replying to queries during Question Hour, he said “In respect of Multilateral Development Institutions, no power project for external assistance from any state, including Himachal Pradesh, is pending with the finance ministry.”
Noting that India accepted external assistance from bilateral sources including Japan, he said seven projects in the rolling plan were finalised for funding bi-annually under the Double Track Mechanism of Japan’s Official Development Assistance (ODA).
“Actual funding of these projects would depend on intra-sectoral and inter-sectoral prioritisation and the amount set aside by Japan for ODA to India,” he said.
The seven projects included the Rs5,665.76-crore project in Andhra Pradesh, Rs2,021.98-crore Bakreshwar and Rs546-crore transmission project from West Bengal, he said.
P C Chacko (Cong), without naming the Lavlin project, asked how the project with Canadian funding in Kerala that ran into a controversy over corruption charges missed the Centre’s notice, Mukherjee said he would be unable to answer the question, as it related to a specific project and the question was of a general nature.
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First Published: Fri, Jul 17 2009. 03 08 PM IST
More Topics: Power | Pranab Mukherjee | Energy | Japan | Funding |