Source: The Economic Times

NEVIN JOHN

MUMBAI: The finance ministry seems to be in the dark over private participation in the power transmission line business. A couple of major power transmission projects including the western region system strengthening (WRSS) and Parbati-Koldam hydro projects in Himachal Pradesh have hit a wall, following a long delay in getting approvals from the finance ministry.

Reliance Energy (REL) and Reliance Energy Transmission (RETL), both part of Anil Dhirubhai Ambani Group (R-ADAG), had bagged the two projects through competitive bidding. But construction on the projects is yet to commence. Parbati-Koldam has been delayed by almost 18 months, while WRSS scheme II by 6 months.

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Posted by pichu at June 15, 2007 1:03 PM