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 up to 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 up to 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 which consume electricity produced by them
Invest in Hydro 1
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.