"Hopefully in next fiscal (FY17) we may auction three to four UMPPs," Power and Coal Minister Piyush Goyal told reporters here.

He was speaking on the sidelines of 8th Global CSR Summit- cum-Responsible Organisation Excellence Awards organised by Assocham.

The minister in January had said the government will auction three ultra mega power projects (UMPPs) by March, including Tilaiya and Cheyyur entailing investments of Rs 80,000 crore.

The investment for an UMPP of 4,000 MW has been revised from Rs 20,000 crore to about Rs 27,000 crore each recently on basis of rise in the price of coal and land.

Power Secretary P K Pujari in March had said the government may not be able to float tenders for three ultra mega power projects (UMPPs) entailing an investment of Rs 90,000 crore by March-end due to some legal glitch.

In last year's budget speech, Finance Minister Arun Jaitley had proposed to set up five new UMPPs of 4,000 MW each in the plug-and-play mode.

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