"Uncertainty remains about success even with the proposed bailout package due to various factors. So, we are currently targeting at projects which are in advanced stage say 70-80 per cent complete," the Central Electricity Authority official told PTI.
There had been a decline in interest from private investors in the hydro power projects given environmental hurdles, better alternatives like solar power, the tariff of which has plummeted drastically to below Rs 3 a unit, sources said.
There are some 14 stalled hydropower projects in the country involving 10,000 MW with around Rs 26,000 crore in these projects.
The percentage of hydro power has come down from 45 per cent in 1970 to 14 per cent in 2016 which is too less to have an efficient and balanced grid for operation, the sources added.