DELHI--August 29, 2012--Researched by Industrial Info Resources India (New Delhi, India)--A year after the government of India scrapped the controversial "no-go" policy, which had banned coal mining in certain areas in India, state-run Power Finance Corporation (BSE:532810) (PFC) (New Delhi, India) is still awaiting a response from build-operate-own-transfer (BOOT) developers for the execution of the 4,000-megawatt (MW) Surguja Ultra-Mega Power Project (UMPP) in Chhattisgarh, a state in central India. Most of the private-sector developers seem to be skeptical about the viability of the project, which has been proposed to be developed at the Salka and Khameria villages in the Surguja district of the state. A formal go-ahead on mining from the country's environment ministry is still pending.
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