Odisha government is planning to invest Rs. 8870 million to renovate hydel projects in the state. The state government has 6 hydel projects with a total capacity of 2000+ MW, however it could generate around 550 MW as of now due to old age of projects. It will invest Rs. 1580 million to renovate Hirakud power station (2 x 37.5 MW) and optimization will bring additional 11 MW of power. It will also renovate Chipilima 34 MW hydel power station with an investment of Rs. 656 million and Balimela hydel project with an investment of Rs. 6640 million. These projects are likely to be completed in 5 years time.