The Centre has decided to provide a Rs 16,000-crore bailout package to the hydropower sector, drowning under a spate of stalled and stressed projects. This is the first package for the power sector provided by the current government. This package includes a 4 per cent interest subvention to projects with total capacity of 11,639 Mw and the creation of a Hydro Power Development Fund. The fund would be financed with either coal cess, or from the National Clean Energy Fund or the pool for the Development of North Eastern Region (DONER).

The Centre has decided to provide a Rs 16,000-crore bailout package to the hydropower sector, drowning under a spate of stalled and stressed projects. This is the first package for the power sector provided by the current government. This package includes a 4 per cent interest subvention to projects with total capacity of 11,639 Mw and the creation of a Hydro Power Development Fund. The fund would be financed with either coal cess, or from the National Clean Energy Fund or the pool for the Development of North Eastern Region (DONER).