Reportedly, Himachal Pradesh government is planning to formulate a new energy policy with an objective of securing a larger share for the state in hydropower projects.
The proposed policy will entail significant changes, including the complete abolition of the provision for deferment of free power royalty, along with a revised revenue sharing arrangement. There would be a provision to give 15 per cent share to the state for the first 12 years, 20 per cent for the next 18 years, and 30 per cent for the next 10 years.