The Government has taken several initiatives to improve the performance in major infrastructure sectors. This information was given by the Minister of State (Independent Charge) for Planning, Shri Rao Inderjit Singh in a written reply in Lok Sabha today.
The Minister said that initiatives taken in the field of power, railway, road and ports include the following:
Power:
(i)Automatic approval of Foreign Direct Investment: Automatic approval for 100% foreign equity is permitted in generation, transmission and distribution, and trading in the power sector without any upper ceiling on the quantum of investment.
(ii)Signing of Fuel Supply Agreements: The Cabinet Committee on Economic Affairs (CCEA) has issued a directive to the Ministry of Coal/Coal India Limited to sign fuel supply agreements (FSAs) for a total capacity of 78,000 MW, including tapering linkage, which are likely to be commissioned by March, 2015.
(iii)Pass-Through mechanism: Pass-through mechanism for the concluded Power Purchase Agreements (PPAs) has been approved by the CCEA.
(iv)“Deen Dayal Upadhyaya Gram Jyoti Yojanaâ€