THE GOVERNMENT HAS APPROVED RS 12,461 CRORE SUPPORT FOR 31,350 MW OF HYDRO POWER PROJECTS
News: The government has approved ₹12,461 crore support for 31,350 MW of Hydro power projects. This support is applicable to all hydro projects including pump storage, above 25MW capacity. The support widens to enabling infrastructure such as transmission lines, communication infrastructure, railway sidings, ropeways. The support for projects upto 200MW will be of ₹1 crore/MW and for Projects above 200MW will be of ₹75 lakhs /MW.
Views: For capital goods and power: It will create strong EPC opportunities for players like BHEL, Siemens, L&T while in the power sector companies like NTPC, NHPC, JSW Energy, Tata Power will opportune for setting up power plants.
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