STOCK MARKET BSE NSE

Hydro Projects: Government issues guidelines for budgetary support for flood moderation

The financial value of flood moderation will be worked by technical agencies, like CWC, in accordance with the guidelines.

Published: 30th September 2021 02:54 PM  |   Last Updated: 30th September 2021 02:54 PM   |  A+A-

dam, hydro power, NHPC,

For representational purpose.

By PTI

NEW DELHI: The power ministry has issued guidelines for budgetary support for flood moderation and to create enabling infrastructure like roads, bridges with regard to hydropower projects.

According to a power ministry statement, the basic objective of the budgetary support for these components is to reduce tariff levels of these projects, thus ensuring that the consumers are charged cost related to power components only.

The financial value of flood moderation will be worked by technical agencies, like CWC, in accordance with the guidelines.

"Ministry of Power has issued detailed guidelines for budgetary support for flood moderation and for budgetary support for enabling infrastructure - roads and bridges with regard to hydropower projects," the statement said.

The amount required for flood moderation/ storage costs shall be released, through Ministry of Power budgetary provisions after appraisal of each project, on a case-to-case basis, by Public Investment Board (PIB)/ Cabinet Committee on Economic Affairs (CCEA) as per due process.

The budgetary support for enabling Infrastructure like roads/ bridges for hydropower projects will be on case-to-case basis.

It would be provided after appraisal/approval of each project by PIB/ CCEA as per the extant rules/due process and would be provided by Ministry of Power.

The limit of this budgetary support for such roads and bridges would be Rs 1.5 crore per MW for projects up to 200 MW and Rs one crore per MW for projects above 200 MW. It shall be provided for projects starting construction after March 8, 2019, i.e., the date of notification of the Cabinet approval.

The Centre has approved various measures to promote hydropower sector in India. Through these measures, it targets achieving a cumulative hydropower installed capacity of 75 GW by 2030.

This will also underline India's unwavering commitment to mitigate climate change by promoting clean and green hydropower.

These measures include declaring large hydropower projects, i.e., projects with capacity of more than 25 MW as renewable energy source, hydropower purchase obligation, tariff rationalization measures, budgetary support for flood moderation component of hydropower projects and budgetary support for cost of enabling infrastructure.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

edexworks
flipboard facebook twitter whatsapp