The Government has cleared the setting up an inter-ministerial panel to finalise the financial compensation for NTPC Ltd against the investment incurred by the power major on a hydro project in Uttarakhand that was scrapped last year.
The Cabinet Committee on Economic Affairs approved the constitution of the empowered committee that would also deliberate on measures for maintaining fragile eco-geological balance at the discontinued project site of Loharinag Pala in Uttarkhand, the statement said.
The panel is to be headed by the Power Ministry and would include representatives from concerned ministries, an official statement said.
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