Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / Govt notifies hydro project guidelines for sensitive areas
BackBack

Govt notifies hydro project guidelines for sensitive areas

Govt notifies hydro project guidelines for sensitive areas

Premium

New Delhi: The Union government has notified the guidelines for foreign companies to be able to participate in hydroelectric power projects in so-called sensitive areas.

Foreign firms will need a security clearance to take part in hydroelectric projects that are within 50km of India’s borders or in other sensitive locations.

“The guidelines also provide for the restrictions on employment of foreign employees to be deployed at the project either awarded or sub-contracted to a foreign company and their stay and movement outside the designated place of stay and project site," Bharatsinh Solanki, minister of state for power, said in a written reply in the Rajya Sabha on Monday.

After last November’s terror attacks in Mumbai, the Intelligence Bureau (IB) informed the government that power plants could be targeted by terrorists.

The new guidelines, however, make it clear that once a foreign firm has been qualified at the request for qualification stage to submit a commercial bid, it will not be barred on grounds of security.

utpal.b@livemint.com

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Utpal Bhaskar
"Utpal Bhaskar leads Mint's policy and economy coverage. He is part of Mint’s launch team, which he joined as a staff writer in 2006. Widely cited by authors and think-tanks, he has reported extensively on the intersection of India’s policy, polity and corporate space.
Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 14 Dec 2009, 10:11 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App