Multiple choice

The Union government amended its Mega Power policy to boost private investment in the power sector. Which of the following statements is/are correct? I. The pre-condition for states to privatise their power distribution business for buying power from mega units has been removed II. The requirement of inter-state sale of power for getting mega power status has been reintroduced III. The 15% price preference available to local bidders in case of power projects launched by public sector companies such as NTPC and NHPC would not apply to tariff based competitive bid projects

  1. I and II only

  2. I and III only

  3. II and III only

  4. III only

  5. I, II and III
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The requirement of inter-state sale of power for getting mega power status has been removed. Incentives under the mega power policy will also be available to supercritical power projects awarded through international competitive bidding with the mandatory condition of setting up indigenous manufacturing facility.

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