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The latest Flash Report of the Ministry of Statistics and Programme Implementation on Central Sector Projects of Rs.100 crore and above, states that six projects i.e. three in Petroleum, two in Power and one in Fertilizer, continue in higher slippage bracket. These are, the integrated para-Xylene, Panipat Refinery Expansion and DHDT and MSQ Project at Mathura all belonging to the Indian Oil Corporation in the Petroleum Sector; Kaiga units 3 and 4 of the Nuclear Power Corporation and Kahalgaon Super Thermal Power Project Stage II of the National Thermal Power Corporation in the Power Sector and the Namrup Plant Revamp of the Hindustan Fertlizers Corporation in the Fertilizer Sector. Of the six, Namrup Plant Revamp and Panipat Refinery Expansion have recorded much higher slippages. The Ministry has asked the concerned administrative ministries and departments to take appropriate remedial measures in order to prevent further slippages in the six projects.
Kaiga Units 3 & 4 in the Atomic Sector though has not reported any cost escalation but the date of commissioning has been advanced to September 2007 from the original date of commissioning in October 2009. The Units approved in May 2001 at a cost of Rs.4213 crore have already incurred an expenditure of Rs.984 crore. The Kahalgaon Super Thermal Power Station Stage II of the NTPC was approved in May 2004 with an original estimated cost of Rs.1866.10 crore, of which an expenditure of nearly Rs.106 crore has already been incurred. The date of commissioning remains the same as March 2007.
The DHDT and MSQ project at the Mathura Refinery approved in August 2001 at an estimated cost of Rs.1483 crore was to be commissioned in August 2004. Now, the Project is scheduled for commissioning in March this year, with a revised cost of Rs.1705 crore, with the cost escalation being Rs.222 crore. The Integrated Para-Xylene Project approved in June 1999 at an original cost of Rs.4228 crore is to be commissioned by August 2005, with the cost- escalation being Rs.524 crore. The Panipat Refinery Expansion approved in August 1999 at an original cost of Rs.3365 crore was to be commissioned this January. Now, the project is expected to be ready by October, with the cost going up by Rs.871 crore.
The sixth project i.e. the Namrup Plant Revamp approved in October 1997 with a original cost of Rs.350 crore was later revised to cost Rs.509.40 crore. Its date of commissioning was also shifted from May 2001 to February 2002 and later to February 2005. An expenditure of Rs.518.55 crore has already been incurred on the project. The slippage is attributed to problems concerning equipment, civil works etc.
VKS/SR
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