Power PSUs set to take over 29 stuck private hydel projects

The central government has suggested that state-run majors take over 29 hydel projects entailing estimated investments of up to Rs 2.7 trillion that are languishing with private developers.

The projects have a combined capacity of 30,000 MW or around 7.5 per cent of India’s total installed generation capacity. These projects were awarded to private companies by six north-eastern states but have not made much progress due to reasons related to lack of funding, expertise, land acquisition and clearances.