Science & Technology is key growth engine for India's Economic Rise: MoS (See 'Corp Brief') COIR and by-products research to be enhanced: MoS (See 'Corp Brief') MoS inaugurates India Energy Storage Week 2025 (See 'Corp Brief') Kisan Credit Cards ensuring wider Credit Access: Goyal (See 'Corp Brief') IPR - Writ Court is yet to decide plea of Lenskart as to no intention to infringe in using Titan's trademark on websites: HC (See 'Legal Desk') IICA set to host North-East Conclave 2025 in Shillong (See 'Corp Brief') IPR - Registrar of Trademarks must give reasoned order for pre-acceptance advertisement: HC (See 'Legal Desk') New CoE to drive Innovation in 5G/6G, AI, Quantum Computing, and AR/VR (See 'Corp Brief') IPR - Courts can't decline protection to plaintiff on sole ground that subject matter of passing off action happens to be registered design: HC (See 'Legal Desk') Workshop on rehabilitation education program on using Sign Language to teach English to deaf students to be held (See 'Corp Brief') Animal Husbandry is cash-generating sector, contributing 31% to total agricultural GVA (See 'Corp Brief') IPR - Copyright infringement by rogue websites who were using modern technology to hide their identities while unlawfully benefiting from JioStar's copyrighted works, calls for dynamic injunction: HC (See 'Legal Desk') Ministry of Mines launches 'Aspirational DMF Programme' (See 'Corp Brief') MSTC becomes engine of E-Transparency: Minister (See 'Corp Brief') IPR - Registrar of Trade Marks need to consider factors mentioned u/s 11(6) of Trade Marks, while deciding whether mark is known or recognized in relevant section of public: HC (See 'Legal Desk') Dholpur gets First Science Centre in Aspirational Districts Push: MoS (See 'Corp Brief') Mandaviya kicks off ASMITA Weightlifting League (See 'Corp Brief') IPR - Any entity cannot seek to set aside interim injunction passed against it in trademark infringement suit, merely because its business or IPO launch is jeopardized due to such injunction: HC (See 'Legal Desk') CCI okays stake in Smart Shift Logistics jointly by Kedaara Sapphire and Kedaara Capital Fund (See 'Corp Brief') BCCL revives Legacy Coal Mine via MDO Model (See 'Corp Brief') IPR - Requirement of sufficiency u/s 64(1)(h) of Patents Act, is satisfied when disclosure made in claims is sufficient to enable whole width of claimed invention to be performed: HC (See 'Legal Desk') CCI approves acquisition of certain businesses of UBS AG by 360 ONE Entities (See 'Corp Brief') IPR - Merely because ban on certain other applications has been lifted, is no ground for TikTok to claim that similar treatment shall also be allowed to it: HC (See 'Legal Desk') Centre plans Rs 5,000-Cr Investment to develop N-E Waterways: Sonowal (See 'Corp Brief') IPR - Defendants' attempt to use suit trademarks with sole intention of riding piggyback on plaintiffs' immense reputation, calls for injunction: HC (See 'Legal Desk') Chouhan, Dhami hold meeting on agriculture and rural development (See 'Corp Brief') IPR - Use of word 'ordinary' lead average consumer to infer that other Chyawanprash are either inferior, or spurious, as compared to Chyawanprash of Patanjali, which was claimed to be prepared by following ayurvedic traditions: HC (See 'Legal Desk') Rs.14,147 Cr transmission scheme discussed to evacuate solar power from key zone (See 'Corp Brief') IPR - Registering any mark already known to belong to another, without intent to use it bona fide, constitutes 'dishonest intention' and trademark squatting: HC (See 'Legal Desk') Family pension: 1451 cases redressed in first week of Special Campaign 2.0 (See 'Corp Brief') IPR - For software or computer programme to qualify u/s 3(k) of Patents Act, it should be more than mere sequence of instructions: HC (See 'Legal Desk') Why Family Businesses in India Are Losing Their Own Bloodline (See CORP EINSICHT)

Cabinet okays Budgetary Support for enabling Infrastructure for Hydro Electric Projects

Published: Sep 12, 2024

By TIOLCorplaws News Service

 

NEW DELHI, SEP 12, 2024: THE Union Cabinet has approved the proposal of the Ministry of Power for modification of the scheme of budgetary support for the cost of Enabling Infrastructure for Hydro Electric Projects (HEP) with a total outlay of Rs.12461 crore. The scheme would be implemented from FY 2024-25 to FY 2031-32.

The Government of India has been taking several policy initiatives to address the issues impeding Hydro Power development, viz., remote locations, hilly areas, lack of infrastructure etc. To promote the hydro power sector and to make it more viable, the Cabinet in  March, 2019, approved measures, namely declaring large hydro power projects as Renewable Energy sources, Hydro Power Purchase Obligations (HPOs), tariff rationalization measures through escalating tariff, budgetary support for flood moderation in storage HEP and budgetary support for the cost of enabling infrastructure, i.e., construction of roads and bridges.

For the faster development of Hydro Electric Projects and improvement of infrastructure in the remote project locations, the following modifications have been made in the earlier scheme:

a) To widen the ambit of the Budgetary Support for cost of Enabling Infrastructure by including four more items apart from construction of roads and bridges i.e., the cost incurred for the construction of:  (i)  transmission line from power house to the nearest pooling point including upgradation of pooling substation of State /Central Transmission Utility  (ii)  ropeways  (iii)  railway siding, and  (iv)  communication infrastructure. The strengthening of existing roads/bridges leading to the project will also be eligible for central assistance under this scheme.

b) The scheme has a total outlay of Rs.12,461 crore for cumulative generation capacity of about 31350 MW to be implemented from FY 2024-25 to FY 2031-32.

c) The scheme will be applicable to all Hydro Power Projects of more than 25 MW capacity including the private sector projects which have been allotted on a transparent basis. This scheme will also be applicable to all Pumped Storage Projects (PSPs) including Captive/Merchant PSPs, provided that the project has been allotted on a transparent basis. A cumulative PSP capacity of about 15,000 MW would be supported under the scheme.

d) The projects whose Letter of Award of first major package is issued upto 30.06.2028 would be considered under this scheme.

e) The limit of Budgetary Support for the cost of Enabling Infrastructure has been rationalized to Rs.1.0 crore/MW for projects up to 200 MW and Rs.200 crore plus Rs.0.75 crore per MW exceeding 200 MW, for projects above 200 MW. For exceptional cases the limit of budgetary support may go upto Rs.1.5 Crore/MW provided sufficient justification exists.

f)  The Budgetary Support for cost of Enabling Infrastructure will be provided after appraisal of the cost of Enabling Infrastructure by the DIB/PIB and approval of the Competent Authority as per extant guidelines.

Benefits:

This revised scheme would help in faster development of hydro electric projects, improve infrastructure in the remote and hilly project locations and would provide large number of direct employment to the local people along with indirect employment / entrepreneurial opportunities through transportation, tourism, small-scale business. It would encourage fresh investments into hydro power sector and incentivize timely completion of new projects.

TIOL CORP SEARCH

TIOL GROUP WEBSITES