CCI clears five delayed projects worth R7,947 crore

Prime Minister Manmohan Singh-headed Cabinet Committee on Investment has approved Rs 7,947 crore worth projects, including ONGC’s Assam oil field revival plan and an LNG import terminal in Gujarat.

“The CCI on December 9 approved five delayed projects involving an investment of Rs 7,947 crore,” oil minister M Veerappa Moily said.

The projects approved included Rs 2,379 crore Assam oilfield renewal project of Oil and Natural Gas (ONGC) which was pending for want of environmental clearance.

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The Assam renewal project seeks to upgrade the existing infrastructure to improve production.

“The project involves revamping and optimization of 21 surface installation for 9 integrated complex, replacement of existing pipelines and laying of new 468 km pipeline,” he said. PTI