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Cabinet approves Rs 12,461 cr support for 31,350 MW hydropower projects

Business Standard LogoBusiness Standard8h ago

Cabinet approves Rs 12,461 cr support for 31,350 MW hydropower projects - Business Standard

Quick Summary:

The Union Cabinet, chaired by Prime Minister Narendra Modi, 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 12,461 crore, an official statement said.

The Union Cabinet on Wednesday approved a Rs 12,461 crore outlay to support the development of 31,350 MW hydropower projects to be implemented over the next eight years.

According to the statement, the scheme will be implemented from FY2024-25 to FY2031-32.


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Category: BusinessFinance

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News Sentiment: Negative

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Article Type: News Report

Published On: 2024-09-11 @ 20:59:47 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 231 words

Reading Time: 2 minutes read

Sentences: 14 lines

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Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22461032

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