Incentive Schemes

MNRE SMALL HYDRO INCENTIVE SCHEMES

Scheme for Financial support to set up of new Small Hydro Power (SHP) Projects upto 25 MW capacity in the Private, Co-operative, Joint sector etc.:

Schemes

Areas

Above 100 KW & up to 25MW

Scheme for financial support to set up of new Small Hydro Power (SHP) Projects up to 25 MW capacity in the Private, Co-operative, Joint sector etc.

N.E. Region, J&K, H.P., & Uttarakhand (Special Category States)

Rs 1.5 Crore per MW Limited to 5 crores per project

Plain and other Regions of all other States

Rs 1 Crore for 1st MW Limited to 5 crores per project

 RELEASE OF SUBSIDY

1st Installment (Optional)

Release an advance an award of E&M works, 50% loan disbursement, achieving 50% progress and submission of physical and financial progress reports, photographs and Bank Guarantee for proposed release of funds.

50%

2nd Installment

Receipt of ‘Completion Report’ with Statement of Expenditure, Utilization Certificate, generation data, audited accounts statement based on actual expenditure on the project etc. after successful commissioning of project, performance testing & 3 months generation.

50%

2. Scheme for Financial support to set up of new Small Hydro Power (SHP) Projects upto 25 MW capacity in the Government / State / Public sector:

Schemes

Areas

Upto 1000 KW

Above 1MW & up to 25MW

Scheme for financial support to set up of new Small Hydro Power (SHP) Projects up to 25 MW capacity in the Government / State / Public sector

N.E. Region, J&K, H.P., & Uttarakhand (Special Category States)

Rs 50,000/- per kW

Rs 5.00 Crore for 1st MW + Rs. 50 Lakhs for each additional MW

Plain and other Regions of all other States

Rs 25,000/- per kW

Rs 2.50 Crore for 1st MW + Rs. 40 Lakhs for each additional MW

RELEASE OF SUBSIDY

1st Installment (Optional)

Award of work orders & signing of contract agreements with submission of copies as documentary proof

25%

2nd Installment

Progressive release on achieving 25% progress and submission of physical reports, Statement of Expenditure (SOE), Utilization certificate (UC) for released funds and photographs.

30%

3rd Installment

Progressive release on achieving 50% progress and submission of physical & financial progress reports, SOE, UC for released funds and photographs.

35%

4th Installment

Submission of ‘Completion Report’ with SOE, UC and generation data, audited account statement based on actual total expenditure on the project etc. after successful commissioning, performance testing & 3 months generation.

10%

Eligible Financial support will be release in four installments as per following pattern:

Further, the developer through FI/Banks would inform MNRE about successful completion of the project, fulfillment of performance guarantee tests, testing and certificate of performance of the project by AHEC, I.I.T Roorkee and the commencement of commercial generation. The developer would send monthly generation report to MNRE after start of commercial generation till the time project attains 80% of the quantum of generation for the corresponding months as envisaged in the DPR, for a minimum of three continuous months. The developer would also provide proof of energy generation such as certificate from SEB regarding purchase/wheeling of power.
 

Source: IREDA

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