GO issued on Polavaram hydro power plant
The Hindu December 7, 2017 Following up on the resolution passed in the December 1 Cabinet meeting, the government on Wednesday issued an order allowing the AP-Genco to take up the execution of the 12 X 80 MW Polavaram hydro electric project subject to certain conditions. The project is to be awarded as per the AP-Genco Board’s recommendation. As per GO MS. No. 34, the AP-Genco has to appoint a Project Management Agency (PMA) and an internal management team, which should review the project regularly and own up responsibility of completing the project in time without any cost and time overruns and bear the additional cost, if any, due to delay in the completion and not pass it on to the Discoms. The other conditions are: AP-Genco should reduce the Operations and Maintenance cost norm of 2% to 1.5% per annum in order to reduce the tariff further; make efforts to avail the ‘Interest Subvention Scheme’ being formulated by Government of India by completing the project within...