Indian Government To Fund For Boost Up Of Hydropower Projects

Supportive fund of Rs 16,000-crore will be availed to the providers with low tax and flexible less obligation terms with compulsory 4% subvention interest rate.

This Rs 16,000-crore bailout package by Centre is initiated to speed up stalled and stressed hydropower projects which requires financial backing to end delay and on time completion.

BJP government in the attempt to create Hydro Power Development Fund policy has initiated for the first time such financial backing to the power sector with 4 % subvention for projects starting with 11,639 Mw capacity. The financial transaction of such hydro fund can be processed either through the Development of North Eastern Region (DONER), National Clean Energy Fund or coal cess.