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Power Minister holds meeting on action plan for enhancing investment by CPSEs in renewable Energy Projects

09 Sep 2021 Evaluate

In order to enhance the investment by power sector CPSEs in renewable Energy Projects, Power Minister has held a meeting to discuss the Action Plan. The various decisions were arrived during the meeting including in-principle approval to be accorded to CPSUs of MoP for bidding of RE power projects at the beginning of year for a pre-determined capacity based on strength of their balance sheet.

The matter of enhancement of power of investment approval of Board of mini Ratna CPSUs for upward revision will be taken up with Department of Public Enterprises. The proposal for reducing hurdle rate IRR for RE Sector from 10% to 8%, will be taken up with Ministry of Finance.

Besides, bundling of RE projects with New or untied/high tariff hydro projects to be allowed so as to bring down the tariff of hydro power to consumers and proposal for waiver of Transmission charges for RE capacity under Flexibility Scheme to be considered.