Himachal cabinet decides to amend hydro policy 2006

Posted on:08 Sep 2016 18:17:18
Himachal cabinet decides to amend hydro policy 2006
08 September 2016 Current Affairs: Himachal Pradesh (HP) cabinet has decided to amend the Hydropower Policy 2006 in respect to transfer of shares by Himachal is to non-Himachalis.

 So that now Himachalis can sell or transfer 49% equity shares to non-Himachalis at any stage after allotment of projects upto 2 MW capacity and full disinvestment after two years of commissioning of the projects.

It is noted in  case of bonafide Himachalis to whom projects up to 2 MW to 5 MW capacity had been allotted, could sell or transfer 51% share to non-Himachali people at any stage after allotment of projects and full disinvestment after two years of commissioning of the project.

 

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