news india hindi Cabinet approves Measures to promote Hydro Power Sector

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved Measures to promote Hydro Power Sector. These include Declaring Large Hydropower Projects (HPO) as part of non-solar Renewable Purchase Obligation (RPO)
Details:
Large Hydropower Projects to be declared as Renewable Energy source (as per existing practice, only hydropower projects less than 25MW are categorized as Renewable Energy).
HPO as a separate entity within non-solar Renewable Purchase Obligation to cover LHPs commissioned after notification of these measures (SHPs are already covered under Non-Solar Renewable Purchase Obligation).
The trajectory of annual HPO targets will be notified by Ministry of Power based on the projected capacity addition plans in hydropower sector. Necessary amendments will be introduced in the Tariff Policy and Tariff Regulations to operationalize HPO.
Tariff rationalization measures including providing flexibility to the developers to determine tariff by back loading of tariff after increasing project life to 40 years, increasing debt repayment period to 18 years and introducing escalating tariff of 2%;
Budgetary support for funding flood moderation component of hydropower projects on case to case basis; and
Budgetary support for funding cost of enabling infrastructure i.e. roads and bridges on case to case basis as per actual, limited to Rs. 1.5 crore per MW for upto 200 MW projects and Rs. 1.0 crore per MW for above 200 MW projects.
Major Impact including employment generation potential:
As most of the hydro power potential is located in the higher reaches of Himalayas and North- East Region, it will result in overall socio-economic development of the region by providing direct employment in the power sector.
It will also provide indirect employment/ entrepreneurial opportunities in the field of transportation, tourism and other small scale businesses. Another benefit would be of having a stable grid considering 160 GW capacity addition by 2022 from infirm sources of power like solar and wind.

news india hindi Cabinet approves Measures to promote Hydro Power Sector
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News & Politics	Upload TimePublished on 24 Mar 2019

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