Hydro Power Projects

2022: Environment & Forest Clearances to Dams, Hydro, Irrigation Projects

On the basis of minutes of meetings held by Union Ministry of Environment, Forests and Climate Change’s (MoEF) Expert Appraisal Committee (EAC) for River Valley and Hydropower Projects from January 12, 2022 to November 30, 2022; we present region wise details of various Dams, Hydroelectric Power (HEP), Pumped Storage Hydro Projects (PSHP) and Irrigation Projects proposals considered and approved for Terms of Reference (TOR) and Environment Clearance (EC) by the EAC. It also lists out various water projects related proposals seeking Forest Clearances (FC) from and decisions by the Forest Appraisal Committee (FAC) of MoEF in this period.

SANDRP’s 2020 and 2021 overviews on the subject can be seen by clicking the links. You may also like to visit our 2022 overviews on (1) Dam induced floods & damages, (2) Fly ash dam breach incidents, (3) Impact of floods on Polavaram project, (4) People’s resistance against dams and hydro projects, (5) Disasters and accidents at HEPs sites, (6) Dam Safety Issues, (7) Hydro projects opposition and accidents in South Asia.

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DRP News Bulletin

DRP NB 191222: Question marks over viability of pump hydro projects

(Feature Image: 1772 Mw PSHPs Spain. Photo courtesy of Iberdrola/ ENR)

The question marks over viability of huge number of pump storage hydro projects (PSHP) being pushed forward in India currently were flowing in the rivers for long. This week, Moody’s investors Service (MIS) seems to have strengthened this after it downgraded Greenko Energy Holdings’ corporate family rating. It may be noted that Greenko is the biggest investor in PSHPs in India from private sector and a major part of Greenko’s new investments are in PSHP.

This makes the implications of MIS’s downgrade all the more interesting. MIS has noted that PHSPs are capital intensive and each PHSP will generate cash flow only after at least 2-3 years of construction (in reality it can be much longer than 2-3 years, the operative phrase here is at least). It also noted that the additional debt to be raised from Greenko’s capital spending, coupled with a rising interest environment will put further pressure on “GEH’s already weak financial metrics” and that Greenko’s high financial leverage due to its substantial capital spending program will keep its financial metrics below its downgrade trigger “for an extended period of time”.

Continue reading “DRP NB 191222: Question marks over viability of pump hydro projects”