Nepal has invited Indian investments in hydro power, roads and highways and the hotel industry to give a boost to economic ties between the two countries.
To boost hydro power generation, the government Thursday approved a slew of measures including providing renewable energy status for large hydel projects and new funding provisions.
Tourism and hydro power can play a big role in making Himachal a self-reliant state, said chief minister Jai Ram Thakur on Friday.
The Union Cabinet on Wednesday gave its approval for regularisation of pay scales of 5,254 executives in four state-run hydro power companies — NHPC, NEEPCO, THDC India and SJVNL.
Fresh capacity addition in thermal and hydro power plunged 69 per cent in the April-November period of this fiscal, as green energy gained momentum. Data by the Central Electricity Authority (CEA) shows
The power ministry has sought Cabinet approval for a policy change categorising large hydro projects as renewable energy sources. Currently, only hydro projects under 25 MW are identified as renewable energy.
Hydro power in India is likely to see a boost with projects of close to 10 Gw to either restart or commence construction. Along with this, the Centre is moving a policy for promoting hydro power, which aims at reducing the cost of construction.
Despite India being resource-rich, hydro power is yet to contribute a commensurate share to its energy mix, accounting for only 13.2% of the installed generation capacity of 343,899 MW.
The Maharashtra Electricity Regulatory Commission (MERC) has passed an order directing the Maharashtra State Electricity Transmission Co. Ltd. (MSETCL) to pay a total sum of ₹5.5 million (~ $0.075 million) to a hydro power project developer.
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.