(GOVERNMENT OF HIMACHAL PRADESH." oa ~DEPARTMENT OF MPP & POWER. a | No, MPP-F(1) 2/2005-1X Datedgsshimla2, Ol 06 AIS, NOTIFICA’ In. supersession to this - department Notification No.” MPP” F(1)2/2005-VIL dated 28.07.2012 the Govemor of Himachal-Pradesh is pleased to notify the: amendments in State Hydro Power Policy 2006 ‘to the following extent:- 1. “Phe Developers .implemienting Hydro Electric’ Projects, are permitted: to transfer the ovimership by. way of selling / transfer equity stakes of Principle Promoter beyond $1% after allowing stabilization period of 6 months from the date of achieving Commercial Operation... of the Project. sey ; +2; The Principal Promoters are,also allowed to sellArainsfer their equity beyond. 51% during the inplementation period of the Project in the name of any. third party’ which is competent ehouigh to develop the Project ina better manner and. possesses resources, ‘higher than. the existing”“allotted Companies who have shown their inabilities ‘to. go ahead. with’ the jrplementation of the Project due to various.constraints including’ lack of finances for the Project implementation, subject to fulfillment of the following tetms and conditions: 2 it -Provided ‘that a detailed proposal showitig competency in terms: of Financial & ‘echinical credential of the New Entity willing to acquire the Project, is submitted for consideration of the Government by:cither of the parties, alongwith firm letter of ‘consent and valid resolutions duly passed by the Boatd of Directors of both’ the Companies, stating that all liabilities & responsibilities assigned in favour of the allottee Company shall be acceptable to.the new entity. ee ‘ provided that an undertaking to the effect that all liabilities as well as payments due in favour of the original allottee Company are duly accepted by the new entity: é Provided that the new. entity should possess adequate financial as well. as technical competences in sucha manner that the:credentials Of thie new entity should meet the - strengths tequired for prequali fication as per the allotment tétins and conditions... ‘in lien of allowing change / transfer of equity. of Principal Promoters,,2 fee @ Rs. 50,000/- pet MW subject to maximum of Rs. 50 lakh is to be deposited at the time of signing . Tripartite Agreement. for transfer of Projeet along with all liabilities / zesponsibilitics: inthe ‘name of hew entity; ~“The above provisions will be applicable to Projects of all sizes. _paghrnececeennaneicee ees ‘This shall come into force from the date of its publication in the Himachal Pradesh Rajpatra, ; 4 By order Principal Secretary (MPP & Power), ° Govt. of Himachal Pradesh. : Bnilst, No. as above ~ Dated: Shimla-2 > O)- 66+ 07S g Copy forwarded for information and necessary action to:- BS Ey 1, The Secretary to Governor, Himachal Pradesh, Shimla-2. — I 2. Principal Secretary to Chief Minister, Himachal Pradesh, Shimla-2 3. ~All the Administrative Secretaries, Government of Himachal Praclesh. ; 4. The Director, Directorate of Energy, Shanti Bhawan, Sector-6, Phase-3, ‘ ‘New Shimla-171009. i “s, The Divisional Commissioner, Shimla/ Mandli/ Kangrai at Dharamashala f 6... Allthe CMDs/MDs, HPSEBL/ HPPCL/ HPTCL/ SJVNL/ BBMB/ NHPC/ NTPC. 7, ‘The Chief Executive Officer, HIMURJA, SDA Complex, Kasumpti, Shimle-9. 8. The Director, NIC, Shimla-171002 for hosting the notification on the official website of the Governinent of Himachal Pradesh and Difectorate of Energy. ‘ 9, . All the Deputy Commissioners, HP. 40, The Secretary, HPERC, Keonthal Estate Khalini, Shimla-2, ee H. ‘fhe Additional Secretary (GAD) to the Government of Himachal Pradesh, Shimla 2, war. Item No. 24 of CMM held on 06.05.2015. vs aut 12, The Under Secretary (NES) to the Government of Himachal Pradesh, Shimlaed 3. ‘The Controller, Printing and Stationery, Himachal Pradesh, Shimla- for publication i in. the Rajpatra, :