THE NEWS IN PROPORTION
15 December 2017

Build first, sell next, approvals later

The private sector Baspa II hydel power project went live over two and half years ago and has been selling power to the Himachal Pradesh State Electricity Board. Lack of regulatory approvals and determination of final wholesale tariff has not deterred the company from raising money in capital markets. Himanshu Upadhyaya finds out more.