Skip to main content




Cabinet Committee on Investment cleared projects worth Rs. 33,000 crore and 25 E&P blocks for continued exploration of Oil and Gas

Monitoring of projects with investment of Rs.1000 crore and more--The Cabinet Committee on Investment has recently reviewed the status of 20 projects with investment of Rs.1000 crore or more which were pending for different types of approvals and clearances with a view to expediting decisions on approvals and clearances. The projects were identified in transmission, hydro and thermal sector where various clearances were pending for approvals with Ministry of Environment & Forests (MoEF). Out of the 20 projects reviewed by Cabinet Committee on Investment (CCI), 13 projects involving investment of about Rs 33,000 crore have been cleared.

These 13 projects include 10 transmission projects, one hydro project and two thermal projects. One has already been recommended by the Expert Advisory Committee (EAC) of MoEF for clearance. For the other two projects Ministry of Power has decided not to move the proposal to CCI and is following up with the Ministry of Coal and for remaining four projects, matter is being followed up with state governments and other ministries/agencies for clearance.

Clearances for carrying out E&P activities in 31 NELP Oil & Gas Blocks --Out of 31 E&P blocks, the Cabinet Committee on Investment (CCI) have cleared 25 E&P blocks for continued exploration of Oil and Gas where work had been stopped on account of security restrictions imposed by Ministry of Defence.  Out of 31 blocks, 9 blocks have been fully cleared and 16 blocks have been cleared with specific conditions. Due to clearances provided, investment has been already made to the extent of US$ 2.71 billion and further investment of around US$ 1.9 billion will be made in the exploration activities in the next 3-5 years.

However, earlier, out of the total 40 blocks where E&P activities were stopped for want of clearances from Ministry of Defence and Ministry of Commerce, 1 block was cleared by Ministry of Commerce which had overlapped with an SEZ area. Out of 8 'No Go' Blocks, objected to by Ministry of Defence, 5 blocks were cleared by CCI on 20th March, 2013. Following these clearances, total investment already made of US$ 10.7 billion in these 5 blocks will be put to use and further investment of US$ 0.6 billion is envisaged in these Blocks.


Warm regards,

Dr. S P Sharma
Chief Economist

Comments

Post a Comment

Popular posts from this blog

Rouhani wins Iran's Presidential election Moderate cleric Hassan Rouhani won Iran's presidential election on Saturday, the interior ministry said, scoring a surprising landslide victory over conservative hardliners without the need of a second round run-off.Interior minister Mostafa Mohammad-Najjar announced on state television that Rouhani secured just over 50 percent of the ballot based on a 72 percent turnout of 50 million eligible voters. Mr Hassan Rouhani ... got the absolute majority of votes and was elected as president," Najjar said. Tehran Mayor Mohammad-Bagher Ghalibaf, a hard-line conservative, lagged behind with about 16 percent of the votes. Iran's top nuclear negotiator Saeed Jalili, he too a hard-line conservative, earned 11 percent. The voter turnout was 72.7 percent. President-elect Hassan Rohani, sixty four years old, is known as a moderate conservative. He has been stressing the need to improve ties with Western nations, and is back...
Post a Comment
20
Save Dissent to Save Democracy   THE rising instances of physical violence and threats against political opponents and the inability to accept dissent must raise huge concerns amongst all of us who see democracy as perhaps the really stellar achievement since Independence. AAP’s attack on BJP headquarters and acts of arson committed under the very noses of their elite leadership; the attacks on Arvind Kejriwal and Manish Sisodia in Gujarat in the last two days; the recent manhandling of the caretaker of journalist Siddharth Varadarajan’s house by some garden variety thugs; and the violence and threats meted out regularly to their political opponents by political parties is surely deplorable and condemnable. This is a fatally flawed trend which will destroy the very foundations of our democratic institutions if not pushed back with all the strength and condemnation that the civil society can mobilise. Replaying the past To begin with, it must be clarified that we should ...
Post a Comment
20
Discipline Virat can win WCC JUNE 24, 2019 Monsoon in day reach Lucknow Pranati- win the bronze medal M7.3 Earthquake – Banda Sea https://sagarmediainc.com/ INVITATION | LAUNCH OF “SWACHH MAHOTSAVA” CELEBRATIONS BY SH. GAJENDRA SINGH SHEKHAWAT, UNION MINISTER, JAL SHAKTI | 3.45 PM , MONDAY, 24 JUNE | VIGYAN BHAWAN, DELHI Invitation for a discussion on “Emergency: Darkest Hour in Indian Democracy” : S Gurumurthy, Chairman, VIF & Dr A Suryaprakash, Chairman, Prasar Bharti on Monday, 24th June 2019 17.30 NMML Invitation _Dr. Prabha Ravi Shankar_“G.A. Natesan (1873-1949): ‘Old and Dear Friend’ of Mahatma Gandhi”_24 June 2019_3.00pm  CPR and CSH are pleased to invite you to a workshop on ‘Whims of a Digital Boss: The Story of Insecure App-Based Workers in Delhi’ Speaker:  Akriti BhatiaTuesday, 25 June 2019, 3:45 p.m. Centre for Science and Humanities (CSH), 2, Dr APJ Abdul Kalam Road, (formerly Aurangzeb Road) What are the Priorities ...
Post a Comment
20