Ministry of Power to Fast Track 95 Hydro Power Projects With Capacity of 40000 MW

Sep 11, 2013 13:34 IST

Minister of State for Power (Independent Charge) Jyotirditya Scindia declared on 10 September 2013 that the Union Government of India would fast-track around 95 hydro power projects with the capacity of 40000 MW in order to push the power sector of India.

These hydro-power projects are waiting for the clearances from various authorities such as Central Electricity Authority (CEA), Central Water Commission (CWC) and Ministry of Environment and Forests (MoEF). These projects will be fast-tracked and the Minister of State for Power (Independent Charge) would be approaching the Empowered Group of Ministers (EGoM) in order to deal with the infrastructure issues.

In addition, the Ministry also planned to seek the approval of the Union Cabinet in order to pull the debt recast plan for state electricity boards for accommodating the recent liabilities from some units, such as Bihar and Jharkhand. In the year 2012, the Union Government of India approved the debt restructuring of state electricity boards.

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