CCI maiden meet today to fast track major infra projects facing hurdles
Sources said among the five projects of Adani Power — the 4,620 MW Mundra power project, 3,300 MW Tiroda project, the Gondia project in Maharashtra and the 1,320 MW Kawai project in Rajasthan — may get an early look as SBI has a combined exposure of R30,000 crore in these projects.
CCI is also expected to take up three power projects where ICICI Bank is said to have an exposure of about Rs 14,000 crore. These include projects of DB Power and Indiabulls. Four other projects where Axis Bank has lend over Rs 10,000 crore may also be taken up for faster decision making, sources said.
“The effort would be to give direction to a host of delayed projects at the first meeting of the CCI so that investor interest is maintained in the country’s infrastructure sector,” said a government official privy to the development.
The CCI is also expected to evaluate objections raised by the air force and navy on RIL’s KG-D6 block and gas discovery area NEC-25, and also look at ways to clear exploration projects of ONGC and BHP Billiton that have received a ‘no go’ tag from the defence ministry, sources said.
However, the committee is likely to leave the decision to fast-track clearance for a host of road sector projects for a future meeting. As many as 39 road projects worth
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