Finance Minister Arun Jaitley on Saturday said the government will set-up five 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, 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 Government would also consider similar plug-and-play projects in other infrastructure projects such as roads, ports, rail lines , airports etc," he added.
Jaitley also announced that the second unit of Kudankulam Nuclear Power Station will be commissioned in 2015-2016.
