Feasibility Report

Upon identification of the project to be developed under section 28, the Board shall direct the concerned Sectoral Sub-Committee(s) to carry out themselves or through external service providers or consultants, a feasibility study and to prepare and submit the feasibility report within a reasonable period as decided by the Board. The feasibility report shall ascertain the viability of the project, after undertaking a cost and revenue analysis, for the board / State Government / Government bodies and also for the private sector developer / investor / operator in the context of the proposed development model / PPP structure. The feasibility report shall confirm that the project complies with the boundary conditions defined generally in this Act and in section 3 specifically. The feasibility report shall also ascertain the VGF requirements of the project, if any, based upon the gap between financial and economic viability of the project.