NEW DELHI: The government has cleared investment of around ₹31,560 crore in four power projects of total 3,760 MW generation capacity and approved two policies to boost hydro power as well as revive stressed assets in the sector, Union Power Minister R K Singh said Thursday.
However, Singh admitted that two recommendations of a high level committee (HLC) regarding payment security mechanism for private power producers and gas-based stressed assets were not approved by the Union Cabinet on Thursday, saying a lot of ground is to be covered for implementing those suggestions.
The HLC had suggested that bills of discoms towards generators can be discounted by the financial institution.
