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This is an archive article published on June 18, 1998

Automatic nod for 100% foreign stake in power

NEW DELHI, June 17: The Union government on Wednesday announced automatic approval for 100 per cent foreign equity participation in power pr...

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NEW DELHI, June 17: The Union government on Wednesday announced automatic approval for 100 per cent foreign equity participation in power projects up to Rs 1,500 crore.

An official statement issued here said that projects for electric generation, transmission and distribution will be permitted foreign equity participation up to 100 per cent on the automatic approval route provided the foreign equity in any such project does not exceed Rs 1,500 crore. The decision was taken after a review of the existing norms.

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