Union Cabinet approves Rs 124.61 billion for hydropower projects

The Union Cabinet has approved a revised budgetary support scheme for Hydro Electric Projects (HEP), with a financial outlay of Rs 124.61 billion. The scheme, running from FY25 to FY32, aims to support hydropower projects with a combined capacity of 31,350 MW. The updated scheme expands infrastructure support to include transmission lines, ropeways, railway sidings, and communication infrastructure, along with strengthening roads and bridges to improve access to remote project sites. This is expected to…