Apart from being a key hydro power generator, it stands to benefit from the government's increased thrust on adopting renewable energy, specifically solar and wind power. Besides, the electricity generation tariff norms notified by the Central Electricity Regulatory Commission (CERC) has uplifted investor sentiment.
For its existing hydroelectric power projects, CERC has kept the regulated return on equity unchanged at 16.5%, but raised it to 17% for projects commissioning after April 2024.
The norms will be applicable for five years starting 1 April.
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