Sunday, July 6, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Tenders

Tenders: Scheme approved for State-Central Govt JVs in NER Hydro projects

Fiinews by Fiinews
August 30, 2024
in Tenders
Reading Time: 3 mins read
A A
0
IHA - Digitalisation In Hydropower
0
SHARES
22
VIEWS
LinkedinShare on Twitter

0:00

NER to develop 1,500 MW hydro power under 500 GW INDC  

The Cabinet has on 28 Aug approved the proposal of the Ministry of Power for providing Central Financial Assistance (CFA) to the State Governments of North Eastern Region (NER) towards their equity participation for development of 1,500 MW Hydro Electric Projects in the states by state-owned entities and Central Public Sector Undertakings by forming joint ventures sansad .

This Rs.4,136 crore scheme, to be implemented from FY 2024-25 to FY 2031-32, would be funded through 10% Gross Budgetary Support (GBS) for North Eastern Region ( mdoner ) from the total outlay of the Ministry of Power.

The grant towards equity portion of the NER State Government would be capped at 24% of the total project equity subject to a maximum of Rs.750 crore per project conexpoconagg . The cap of Rs.750 crore for each project would be revisited, if required, on a case-to-case basis nse .

The ratio of equity of the CPSU and the State Government in the JV would be maintained at the time of disbursing of the grant sbi , the Ministry said.

Central Financial Assistance would be limited to only viable Hydro Electric Projects hydropower . States would be required to waive / stagger free power and / or reimburse SGST to make the project viable.

With the introduction of this scheme, participation of the State Governments in the hydro development shall be encouraged and risk and responsibilities shall be shared in a more equitable manner bse .

The issues such as land acquisition, rehabilitation & resettlement and local law & order issues would be reduced with State Governments becoming stakeholders. This would avoid time and cost over-run of the projects deutsche-boerse .

This scheme shall play a significant role in harnessing the hydro power potential of North East meedtenders . It would bring huge investment in the North Eastern Region and would provide large number of direct employment to the local people along with indirect employment / entrepreneurial opportunities through transportation, tourism, small-scale business globaltenders .

Development of hydroelectric projects shall also contribute towards realization of India’s Nationally Determined Contribution (INDC) of establishing 500 GW renewable energy capacity by 2030 woc-india and would help integration of RE sources in the grid thus enhancing flexibility, security and reliability of the national grid ted.europa.eu .

The Central Government has been taking several policy initiatives to address the issues impeding Hydro Power development scexpo . To promote the hydro power sector and to make it more viable, the Cabinet, on 7 Mar 2019, approved measures, viz., declaring large hydro power projects as Renewable Energy sources, Hydro Power Purchase Obligations (HPOs) powergen-india , tariff rationalization measures through escalating tariff, budgetary support for flood moderation in storage HEP and budgetary support for the cost of enabling infrastructure, i.e., construction of roads and bridges powermin . Fiinews.com

Tags: CabinetMinistry of Power
ShareTweetShare

Related Posts

NICDC
Tenders

Tender: Take care of new urban development

by Fiinews
July 5, 2025
0
17

NICDC building sustainable industrial ecosystems, says Saini Greenfield industrial cities should be developed near existing cities so that social infrastructure...

Tamta Infra
Tenders

Tender: Minister wants innovation in projects

by Fiinews
July 6, 2025
0
13

Infrastructure play defining role developing India Minister of State for Road Transport and Highways Ajay Tamta has emphasised that the...

Indian Railways

Tender: Asangaon–Kasara 4th Line proposed

July 3, 2025
15
PIB

Tender: Upgrade of Paramakudi-Ramanathapuram

July 3, 2025
14
PIB

Tender: India plans 5,000 km of waterways

July 2, 2025
17
Geoenpro 2

Tender: PMG reviews Patratu Thermal Phase-I

June 28, 2025
17
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Export: India to ship non-GMO soybean to EU
  • Tender: Take care of new urban development
  • Manufacturing: Framework on Drones by Sep-Oct
  • Project: Joint maritime professionals launched
  • Market: Daimler bullish on construction sector

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.