Mega Power Policy 1995

Mega Power Policy was introduced in November, 1995 for providing impetus to development of large size power projects In the country and derive benefit from economies of scale. These guidelines were modified In 1998, 2001, 2006 and 2009 to rationalize the procedure for grant of mega certificate and facilitate quicker capacity addition. The Ministry of Power, in association with the Central Electricity Authority and Power Finance Corporation Ltd., has launched an initiative for the development of coal-based UMPP’s in India. These projects are awarded to developers on the basis of tariff based competitive bidding. By November 2011, 8 Power Projects totalling capacity of about 15,880 MW have been granted Mega Power Status and 17 Power Projects totalling capacity of about 22,540 MW have been granted Provisional Mega Power Status from April, 2011 to November, 2011.