years and make it more viable and competitive. Besides, hydro projects should be awarded on Build, Operate and Own (BOO) basis for private sector instead on the basis of Build Own Operate and Transfer (BOOT).
Further, the ASSOCHAM paper suggested for payment security as given to solar projects to be extended to hydro which also requires firm Power Purchase Agreement (PPA).
Though the hydro projects lead to development of remote locations and build a lot of social! enabling infrastructure around them, it burdens the project while same is not with other renewable generation, the paper noted.
"Thus social/ enabling infrastructure cost should be funded by Hydro Development Fund or National Clean Energy Fund (NCEF) as defined in proposal to Expenditure Finance Committee (EFC) thereby limiting it to indicative list of projects in that proposal," recommended the ASSOCHAM paper.
It added that government should extend support towards commissioned and underconstruction projects by PPA through Hydro Purchase Obligation (HPO) with cost plus or bidding through Solar Energy Corporation of India Ltd. (SECI) or Central Public Sector Undertakings (CPSUs).
In order to ensure that further projects do not suffer the same fate it should consider HPO and PPA by - HPO with cost plus until 2030; bundling such selected hydropower with renewable/ others to make it more viable/lucrative for discoms; hydro projects may be added for Viability Gap Funding (VGF) to be financed from NCEF. Further, the Centre can also mandate a separate HPO under tariff policy with a higher forbearance price of Rs 2 per kilowatt hour (KWh).
The paper also stressed that an online, time-bound single window approval and clearance should be the mandate for developing hydro power sector and the same may be recommended to all states. This will facilitate transparency, accountability, efficiency and significantly improve ease of doing business.
Mr. R. K. Singh, Minister of State (tIC) for Power a, Chairman, CEA. Mr. D. V Singh, CMD, THDC, Mr. Ba/ra} Joshi, CMD, NHPC Ltd., Mr. V K.Ka/ra, EO, UJVNL, Mr. D. K. Sharma, CMD, BBMB, Or. Subir Sen, Executive Director, Smart Grid, PGClL, Mr. R. P.Sasma/, Director-Operations, Power Grid Corporation.