Renewable power status along with budgetary support positive for hydro power sector: ICRA


Renewable power status along with budgetary support positive for hydro power sector: ICRA

The recently granted renewable power status and budgetary support for infrastructure associated with large hydro projects is a major positive move, research agency ICRA said.

The centre has declared large hydro power projects with capacity of more than 25 Megawatt (MW) as renewable energy projects. It has also approved a separate hydro power purchase obligation (HPO) under non-solar renewable power obligation (RPO) to cover large hydro power projects commissioned post notification of the norms.

The government has also approved budgetary support for certain measures which are aimed at enabling implementation and modernization of hydro power projects and proposed certain tariff rationalization measures. Read More

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