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Electrical Equip. /Consumer Electronics

Cabinet approves Measures to promote Hydro Power Sector

In order to boost hydro power generation, the government has approved a slew of measures including providing renewable energy status for large hydel projects and new funding provisions. With the government's decision, hydro projects above 25 MW will be considered as renewables and eligible for various incentives like financial assistance and cheaper credit (as per existing practice, only hydropower projects less than 25MW are categorized as Renewable Energy).