After almost a decade of stagnancy due to issues like environmental concerns, huge costs and viability issues, hydro power generation may soon see a revival.
There will be renewed interest from the private sector to invest in hydro power if the modified hydro power policy, which suggests making hydro power more affordable and competitive, comes into effect, say experts in the sector. The government is also planning to set up a Hydro Power Development Fund (HPDF) to give capital support in the form of interest subvention as banks at the moment are reluctant to fund large hydro projects.
At present the private sector accounts for only 3,200 MW of the total installed hydropower capacity of around 45,000 MW. Of this, Sajjan Jindal-led JSW Energy alone accounts for 1,300 MW, which it had acquired from Jaiprakash Power Ventures for Rs 9,700 crore in FY16. Read more
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