The government is considering a policy for takeover of stalled private hydro projects by PSUs like NTPC NSE 0.90 %, NHPC NSE 1.74 % and SJVN NSE 0.18 %, amid the country’s commitment to meet 50% of its energy requirement through non-fossil sources.
A large number of hydroelectric projects awarded to private companies, particularly in the north eastern region, have been stalled due to various challenges. According to estimates, 90% of the 60 GW projects awarded to various private and central PSUs (CPSUs) are yet to be developed.
