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Power Minister RK Singh Outlines Decisions Taken To Boost Power Sector

Author: BQ Desk
Business
Mar 07, 2019 20:59 pm IST
- Published On Mar 07, 2019 20:59 pm IST
- Last Updated On Mar 07, 2019 20:59 pm IST

Read Time: 1 min

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Power Minister RK Singh Outlines Decisions Taken To Boost Power Sector

Emissions billow from smokestacks at the NTPC Ltd. Badarpur coal-fired power plant near residential property as the sun sets in Badarpur, Delhi, India. (Photographer: Kuni Takahashi/Bloomberg)

7 years ago

Catch live updates from Power Minister RK Singh's briefing on cabinet decisions taken to revive stressed power plants.

Mar 07, 2019 15:47 (IST)

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Central/state generation companies may act as aggregator of power.

(Source: PTI)

Mar 07, 2019 15:50 (IST)

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Union #Cabinet approves a slew of measures to promote Hydro Power Sector#cabinetdecisions pic.twitter.com/VCFmh2brqw
— Sitanshu Kar (@DG_PIB) March 7, 2019

Mar 07, 2019 15:55 (IST)

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The government cleared investment proposals worth over Rs 31,560 crore in power projects, including two coal-based thermal plants and a hydro project on river Chenab in Jammu and Kashmir, said Singh.

Here are the details of the projects that have been approved:

An investment of Rs 10,439.09 crore for the 2x660 MW Buxar Thermal Power Project in Bihar.
An investment proposal for a 2x660 MW Khurja Super Thermal Power Plant in Bulandshahr at an estimated cost of Rs 11,089.42 crore.
The investment for acquisition of Lanco Teesta Hydro Power Ltd. and the execution of balance work of the Teesta Stage-VI Hydro Electric Project by NHPC in Sikkim. This will be implemented at an estimated cost of Rs 5,748.04 crore (at July 2018 price level).
The investment for the construction of Kiru Hydro Electric Project (624 MW) by Chenab Valley Power Projects Pvt. Ltd. in Jammu and Kashmir. The project will be implemented at an estimated cost of Rs 4,287.59 crore

(With inputs from PTI)

Mar 07, 2019 16:04 (IST)

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Power Minister RK Singh said that the measures announced will make the hydro power sector competitive. Additional funds will be provided separately for development of infrastructure in areas where hydro power project is being set up, Singh added.

Mar 07, 2019 16:12 (IST)

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The high-level empowered committee to revive stressed thermal power plants had recommended a payment security mechanism for independent power producers to ensure timely payments to generators because of their poor financial health.

Singh said that the recommendation was not considered by the cabinet today because the Power Ministry is yet to take the Reserve Bank of India’s approval for the same.

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