Financial Daily from THE HINDU group of publications
Thursday, Feb 16, 2006
Financial Daily from THE HINDU group of publications Thursday, Feb 16, 2006 |
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Industry & Economy
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Power `Hydel power capacity to be raised by 10,000 MW' Our Bureau
New Delhi , Feb. 15 THE Government is likely to add about 10,000 MW of hydro-electric generation capacity during the Tenth Plan, the highest ever capacity addition from hydro sector in any Plan period. A capacity of 5,380 MW has already been added in the Tenth Plan so far, and a total of about 10,000 MW from hydro projects would be added during the five-year period, the Power Minister, Mr Sushil Kumar Shinde, said during a meeting of Parliamentary Consultative Committee on Tuesday. This would be the highest-ever capacity addition from the hydro sector in any Five-Year Plan. The capacity addition during Seventh, Eighth and Ninth Plan periods were 3,828 MW, 2,428 MW and 4,538 MW respectively, he was quoted as saying in an official release. The newly-appointed Minister said the Government has accorded high priority for development of hydro projects. Several incentives have been included in the tariff notification for hydro projects, such as rewards for better availability, generation of secondary energy and measures for mitigating hydrological risks during initial years of operation, he said. Three-stage clearance: Mr Shinde said the Government has put in place a three-stage clearance procedure for speedy sanction of hydel projects to be executed by Central Public Sector Undertakings in consultation with the ministries of Finance and Environment. There is no dearth of funds for execution of projects in Central sector, he said, adding the Gross Budgetary Support for hydro power has been increased to Rs 17,511 crore for the Tenth Plan from Rs 9, 284 crore in Ninth Plan.
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