The Ministry of New and Renewable Energy (MNRE) has cancelled proposals submitted by 50-odd private companies seeking Central Financial Assistance (CFA) for their small hydro power projects. The ministry has closed the files pertaining to 53 such projects on the back of non-compliance of provisions in their schemes.
“It is further conveyed that no correspondence in this regard will henceforth be entertained, as the project developers had not submitted any progress report of their project execution after submission of application for providing CFA,” the ministry said in a communication to the companies.
The 53 proposals with a combined capacity of 438 Mw were submitted for projects across multiple states. Some of the big companies whose project proposals stand cancelled as a result of the decision include Meenakshi Power, SRS Energy, Trident Power, Krishna Hydro Energy, Venika Hydro, Ramky Enviro subsidiary Chhatisgarh Energy Consortium. Read more