Hydro Policy
Highlights of Investor Friendly New Hydro Policy of Himachal Pradesh :
- Selection of Developer on MOU Route allowed for projects up to 100 MW
- Selection of Developer on ICB route for Projects above 100 MW.
- No Clearances necessary from CEA for projects selected on competitive bidding route for projects costing upto Rs. 2500 crores.
- Secondary energy rate to be at par with primary energy. Premium on peak power proposed.
- Process of Transferring clearances to IPP’s simplified.
- 100% Foreign Equity permitted on the automatic approval route provided it does exceed Rs. 1500 Crores.
- Limit of 40% financing from Indian Financial Institutions waived off.
- Tariff determination by SERC/CERC.
- Projects upto 25 MW to be transferred to MNES.
- HPSEB to purchase power @ Rs. 2.50/kWh from projects upto 5 MW capacity
- Banking & Wheeling Facilities permitted @ 2% including transmission losses.
- Incentives for small HEP as per GOI Guidelines.
- Moratorium of 5 years for payment of Electricity duty by companies whichconsume electricity produced by them.
Invest in Hydro
Investor Friendly New Hydro Policy.
- Availability of Project Due to Large Potential.
- Transmission Network for Power Evacuation under Planned by PGCIL.
- Cheap & Reliable construction power.
- Simplified Laws/Rules for transfer of Land.
- Amicable industrial Climate.
Good communication Facility such as Telecom, Road network, Air Services etc.
Indian Electricity Act 1948.
Indian Electricity Rules 1956