The capacity of under construction large hydro (above 25 MW) projects stood at around 14,014 MW.
Explaining the reasons for delay in implementation of these projects, the minister said “The major reasons for time overrun in respect of the thermal and hydel projects are related to availability of materials and equipment, land issues and inter-state matters. The cost overrun arises from increase in interest rate, inflation and change in scope of the project.”
As per the Electricity Act 2003, power generation is a de-licensed activity. Investment in setting up of power projects is made by the developers concerned.
Therefore, no funds are sanctioned / allocated by the Centre in this regard, except contribution in the form of equity of the Central Public Sector Units for setting up of such projects on a case-to-case basis.