BUSINESS

Stalled hydro power projects to get policy push from Centre

In a bid to boost hydro power sector, the government is planning to formulate a policy to push stalled projects and extend the benefits for renewable sources like wind and solar to hydro projects beyond 25 MW capacity.

“We are looking at coming up with a pro-active hydro power policy to push stalled projects and explore the possibility of extending benefits for renewable sources like wind and solar to hydro projects beyond 25 MW,” Power Minister Piyush Goyal said. He said it was the government’s resolve to come up with this policy after discussing it with stakeholders.

According to a proposal of the Power ministry, projects with capacities of up to 25 MW have been categorised as small hydro-power projects and would get the benefits as extended to other renewable energy projects.

Hydro power potential in the country has been estimated at about 150 GW, with 50 GW coming from Arunachal Pradesh alone. The Power ministry had earlier said that the planned hydro power generation capacity addition of 4,371 MW out of the total target of 10,897 MW in the 12th Plan will not be completed. — PTI

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