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Centre approves Rs 12,461 crore support for 31,350 MW hydropower projects
Millennium Post Delhi
|September 12, 2024
The Union Cabinet on Wednesday approved an outlay of Rs 12,461 crore to support the development of 31,350 MW hydropower projects to be implemented over the next eight years.
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The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal of the Ministry of Power for modification of the scheme of budgetary support for the cost of enabling infrastructure for Hydro Electric Projects (HEP) with a total outlay of Rs 12,461 crore, an official statement said.
According to the statement, the scheme will be implemented from FY2024-25 to FY2031-32.
The limit of the budgetary support for the cost of enabling infrastructure has been rationalised to Rs 1 crore per MW for projects up to 200 MW capacity and Rs 200 crore plus Rs 0.75 crore per MW for projects above 200 MW capacity.
For exceptional cases the limit of budgetary support may go up to Rs 1.5 crore/MW pro=vided sufficient justification exists.
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