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Centre may offer grants to NE states for hydropower projects
Mint Mumbai
|July 03, 2023
States in India’s north-east holding rich hydropower potential may get central grants to pick equity stakes in hydropower projects under a new policy, two people familiar with the Centre’s plans said.
The Union power ministry has proposed a new hydropower policy that will facilitate such grants, and the Union cabinet may take up the proposal soon, the people said on condition of anonymity.
"The Centre may provide grants worth ₹4,000 crore to states in the north-eastern region so that the state governments can infuse equity in hydropower projects there," said one of the people cited above. "The proposal has been moved, and it should come up in the cabinet soon."
Queries sent to the power ministry remained unanswered till press time.
The hydropower push comes in the backdrop of India’s ambitious energy transition plans and the need to protect its lower riparian rights as China works to dam the upper reaches of the Brahmaputra.
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