(PTI)
Power Minister R K Singh today said the hydro power policy is in the final leg and will soon be sent for the Cabinet approval. “The hydro policy is in final stages. It will soon go for Cabinet for approval,” Singh said while addressing roundtable on hydro power organised by Assocham.
Asked how soon the policy will be sent for the Cabinet approval, the minister said, “it may take ten days”. The minister also assured the industry representatives that he would look into their demands for restructuring debt over stranded hydro projects as well as their refinancing by Power Finanace Corp and Ireda.
As per the draft hydro-power policy, it will aim to provide Rs 16,709 crore support for 40 stalled hydel projects with 11,639 MW capacity, and to classify all such ventures as renewable energy.
