Policy on cards for takeover of stalled private hydro projects
The government is considering a policy for takeover of stalled private hydro projects by PSUs like NTPC NSE -0.70 %, NHPC NSE 2.17 % and SJVN NSE 1.43 %, 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.
The central government is considering preparing a policy to facilitate CPSUs to take over such projects, most of which have not yet been referred to insolvency courts by lenders.
