Nifty99000 100%

Sensex99000 100%

Article rating: 4.0
Article rating: 3.7
Article rating: 5.0
Article rating: 4.0
Article rating: 4.5
Article rating: 3.8
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating


India to have new hydro power policy soon: Minister

Author: IANS/Thursday, November 30, 2017/Categories: Energy

India to have new hydro power policy soon: Minister

New Delhi, Nov 29 - A draft hydro power policy is being finalised in a bid to revive languishing sector in India, Power Minister R.K. Singh said on November 29.

A sector which has failed to add even 2,500 MW of capacity in the last five years is in urgent need of revival given that only hydro power can help balance the grid in absorbing the much higher levels of renewable energy planned to be progressively introduced by the government, Singh said at a roundtable here with stakeholders organised by industry chamber Assocham.

"The 175 gigawatt (GW) capacity target from renewable sources is a given and is part of our international obligations (on climate change). To balance the grid, it needs balancing power and for that hydro fits the bill," he said.

He noted that hydroelectric power does not have to be imported, unlike gas, which could also perform the grid balancing function.

"We have a policy in the works for hydro power development which will be place shortly before the cabinet for approval. States are interested in its development and it is necessary for our future, " the Minister said referring to the environmental benefits of hydroelectricity.

"Renewables go with hydro for grid purposes also because the costs of solar and wind power have become quite cheap," he added.

Multipurpose projects, which were at the centre of India's development strategy post-Independence, have become unviable because of revenue issues and the sector is saddled with a large share of stalled projects and stressed assets.

Singh said that the ministry had received various suggestions from stakeholders on a scheme of financial incentives.

"Some of these suggestions spoke of increase the period of loan and the depreciation period, which would help reduce the tariff," he said.

The country's hydro power potential has been estimated at 140,000 MW, of which only around 45,000 MW of capacity has been developed, according to the Central Electricity Authority.

Print Rate this article:
No rating

Number of views (92)/Comments (0)

Kavita Giridhar Mallya


Other posts by IANS
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free