Indian government approves Rs 12,461 crore for hydropower projects, targeting 31,350 MW capacity by FY2031-32.

The Indian government has approved Rs 12,461 crore ($1.62 billion) for hydropower projects, aiming for a capacity of 31,350 MW over eight years, from FY2024-25 to FY2031-32. The budget supports enabling infrastructure costs, with Rs 1 crore/MW for projects under 200 MW and additional support for larger projects. The scheme, applicable to all projects over 25 MW, seeks to enhance infrastructure, create jobs, and attract investments in remote areas.

September 11, 2024
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