1. Clearance in respect of NELP (New Exploration Licensing Policy) Oil and Gas Blocks for exploration and production activities.
The Cabinet Committee on Investment (CCI), in its meeting held on 22.4.2013, cleared 25 NELP blocks for continued exploration of Oil and Gas, out of 31 blocks where work had been stopped on account of security restrictions imposed by the Ministry of Defence. Thus, the investment of US$ 2.71 billion (Rs 14,766 cr) already made in these blocks will be put to use and further investment to the extent of US$ 1.9 billion (Rs 10,360 cr) will be made in exploration activities in the next 3-5 years.
The Cabinet Committee on Investment, in its meeting held on 22.4.2013, also reviewed the status of 20 projects. Out of 20 projects, 13 projects involving investment of about Rs 33,000 cr have now been cleared. This includes North Karanpura Thermal Power Project involving an investment of about Rs 15,000 cr, cleared by CCI in its meeting held on 20.2.2013. The Committee has also directed that Vishnugad Pipalkoti Hydro Electric Project, Chamoli, Uttrakhand should be awarded within two months, the revised cost estimates of Kotibhel Hydo Electric Project, Tehri Garhwal, Uttrakhand and Pakul Dul Hydro Electric project, Doda, J&K should be expedited and the work should be awarded within 4-5 months. The Committee also directed that environmental clearance in respect of Feroze Gandhi Unchahar Stage IV , Raebareli, UP be issued within a week.