NEEPCO-Arunachal Govt JV to implement hydro project
The Cabinet Committee on Economic Affairs (CCEA) has on 12 Aug approved investment of Rs.8,146.21 crore for construction of Tato-II Hydro Electric Project (HEP) in Shi Yomi District of Arunachal Pradesh https://www.commerce.gov.in/.
The project completion, estimated in 72 months, will have an installed capacity of 700 MW (4 x 175 MW) would produce 2738.06 MU of energy. The Power generated from the Project will help improve the power supply position in the state of Arunachal Pradesh and will also help in balancing of the national Grid https://www.bseindia.com/.
The Project will be implemented through a Joint Venture Co. between North Eastern Electric Power Corporation Ltd (NEEPCO) and the Government of Arunachal Pradesh https://www.arunachalpradesh.gov.in/.
The Indian Government will extend Rs.458.79 crore as budgetary support for construction of roads, bridges and associated transmission line under enabling infrastructure besides Central Financial Assistance of Rs.436.13 crore towards equity share of the State https://www.globaltenders.com/.
The state would benefit from 12% free power and another 1% towards Local Area Development Fund (LADF) besides significant infrastructure improvement and socio-economic development of the region, said the CCEA https://ted.europa.eu/en/.
The Project is in line with the aims and objectives of Aatmanirbhar Bharat Abhiyan, would provide various benefits to local suppliers/enterprises/MSMEs including direct and indirect employment opportunities https://www.nseindia.com/.
There will be significant improvement in infrastructure, including the development of around 32.88 kilometres of roads and bridges, for the project which shall be mostly available for local use http://powermin.nic.in.
The district will also benefit from the construction of essential infrastructure such as hospitals, schools, marketplaces, playgrounds, etc. to be financed from dedicated project funds of Rs.20 crore. Fiinews.com
