In a hurry to beat the poll announcement deadline, the government on Thursday cleared four power projects worth Rs 31,560 crore with a generation capacity of 3,760MW. It also approved the hydro power policy as well as some measures to revive stressed assets.
“The government has approved investment for four power projects and two policies on hydro power and stressed power assets,” Union power minister R. K. Singh told reporters after the cabinet meeting.
Singh said two recommendations of a high-level committee (HLC) on payment security mechanism for private power producers and gas-based stressed assets were not approved by the Union cabinet, saying a lot of ground needs to be covered to implement them.
