The Power Ministry has finalised a policy for reviving 40 hydro power projects of 11,639 MW which will entail a total investment of Rs 16,709 crore. Under this, all large and small hydro projects will be treated as renewable energy.
The policy for reviving the hydel projects is awaiting Union Cabinet’s approval. The policy will provide interest subvention of four percent during construction for upto seven years, and three years after starting commercial operation to all hydro power projects above 25 MW.
Funding for the policy will come from coal cess or national clean energy fund or non- lapsable central pool of resources for northeastern states for eight years till 2024-25. A hydro power fund will be created under the Power Ministry to provide funds to the projects under the policy.

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