Four UMPPs may go under the hammer in FY17
The government expressed hope that it may auction four ultra-mega power projects (UMPPs) in the next fiscal. “Hopefully in the next fiscal (FY17) we may auction three to four UMPPs. We made the documents, which are very robust... that should be going to the Cabinet soon and once it approves the new document we will start bidding,” Power and Coal Minister Piyush Goyal said.
Also, the Centre has allocated more than Rs 11,000 crore for bringing electricity to every nook and corner of Uttar Pradesh, Union Power Minister Piyush Goyal said.
“The Narendra Modi government has launched two schemes to realise the goal of bringing electricity to every household in the country by 2019. The allocation for UP under these two schemes amounts to nearly 11,500 crore,” Goyal said. He, however, pointed out “electrification has been abysmally slow” in the state over the last one decade despite billions of rupees having been sanctioned by the Centre. He said a total sum of Rs 11,715 crore had been sanctioned for the state during the 11th and 12th Five Year Plans.