Amid the tremendous protest by Buddhist monks, nuns and thousands of common people in Tawang area of Arunachal Pradesh opposing the construction of dams, Union Government has decided to boost the hydro-power projects in the state.
‘We are preparing a framework for hydropower development in the country, very soon we will take it up to the highest level in the government, so the focus is going to be back on hydro,’ said Additional Power Secretary B P Pandey, adding, ‘Hydropower is much cleaner, greener and sustainable option.’
Highlighting that reducing the cost of hydroelectric power is one of the major challenges in the hydropower sector, the top official suggested for financial restructuring together with innovative financing instruments.
‘How do we bring down costs or tariff of hydro projects, can we overcome and remove some of the long-drawn clearance processes taking into account environmental safety as well and basin studies, can we also devise some innovative financing models in our instruments which may help to restore the investor confidence which as of now has gone down and people are really not investing apart from PSUs,’ Pandey said.
Meanwhile, Chief Minister Kalikho Pul stated that the state government will provide all support to private developers for installing and commissioning of hydropower plants with facilities of single-window clearance.
‘All requirements of local coordination will be fast tracked and we will ensure that there are no barriers to investors. State is examining various options available for funding the equity participation of state including the option to exit from the same,’ he added.
He further said projects between 50-100 MW should be promoted and taken up and there is need to source subsidy funding for the same.