Budget 2015: Five ultra-mega power projects to be set up

The Government proposes to set-up 5 new Ultra Mega Power Projects, each of 4000 MWs in the plug-and-play mode.

New Delhi: The Government proposes to set-up 5 new Ultra Mega Power Projects, each of 4000 MWs in the plug-and-play mode.

Presenting the General Budget 2015-16 in the Lok Sabha here on Saturday, the Union Finance Minister Arun Jaitley stated that all clearances and linkages will be in place before the project is awarded by a transparent auction system. This shall unlock investments to the extent of Rs 1 lakh crore.

The FM said the Government would also consider similar plug-and-play projects in other infrastructure projects such as roads, ports, rail lines , airports etc.

Jaitley also announced that the second unit of Kudankulam Nuclear Power Station will be commissioned in 2015-2016.

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