"Power ministry had finalised the policy last month and sent to the finance ministry for vetting before placing it for the cabinet approval," a person close to the matter said. More From Livemint »The person said: "The policy may be listed this month for deliberation and approval by the cabinet." A Hydro Power Fund would be created under the power ministry for providing funds to the projects under the policy. The policy also provides for Hydro Purchase Obligation (HPO) for hydro projects of over 25 MW capacity. The policy would also mandate the power ministry to engage with bankers and financial institutions for modifying lending terms and conditions for hydro power projects.

Source: Mint July 02, 2017 11:15 UTC