Aug 19 2017 | India Opportunities

GoI to revive stalled hydro projects

The Government of India is keen to revive stalled hydro projects which are mainly facing cost overruns because of delay. The Centre plans to create a hydro development fund in the next three months. All the central, state and private-sector hydro projects will be brought under the renewable category. This would also pave way for extending incentives such as benefits of interest subvention, mandatory hydro-power purchase by state discoms. This would ulimately provide financial support and encourage hydro-power developers.