The Union Cabinet has approved modifications in the existing Mega Power Policy with a hope to encourage setting up of mega power plants to take advantage of economies of scale.
In order to rationalise the Mega Power Policy and bring it in consonance with the National Electricity Policy 2005 and Tariff Policy 2006 among others, the modifications deal with replacement of existing condition of privatisation of distribution by power purchasing states; removal of conditions requiring inter-state sale of power for getting mega power status; extension of the benefits of Mega Power Policy to supercritical projects to be awarded through ICB etc.
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