A proposal for a three-year extension of the Speedy Supply of Power and Energy (Special Provision) Act will be placed before the cabinet soon as the fate of at least 67 ongoing power plants depends on the continuation of the law.
Under this law, the government is implementing 67 power plants having a combined capacity to produce 9,287MW of electricity. The power plants are expected to commence electricity generation in three years.
The law facilitates quick disposal of contracts in power and energy sector to meet the demand for power and energy within a short time without the usual tendering process.
The authorities are planning to extend the timeframe of the law by another three years till 2021.
The government also has a plan to amend the law in the next session of parliament.
Since the introduction of the law in 2010, the government took up 105 power projects having a combined electricity generation capacity of 12,340MW.