The Ministry Of Power (MoP) Is At An Advance Stage

Jun 3, 2017
Source Power Weekly Newsletter

The Ministry of Power (MoP) is at an advance stage of finalising the revised guidelines for group captive power plants

The Ministry of Power (MoP) is at an advance stage of finalising the revised guidelines for group captive power plants. The new guidelines are likely to change the definition of ownership of the group captive plants which would require the developers to correct their equity holding in a limited time period. The revision of guidelines is following complaints that industries were misusing the concept of group captive by taking members who were offering them small amounts, without taking voting rights The draft amendment to the policy was issued in October 2016. The ministry has temporarily suspended conversion of independent power producers to group captive projects.

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