Arunachal Cabinet hands over stalled hydro power projects to CPSUs
First Published: 11th January, 2023 8:15 IST
The projects have a capacity to produce 2,820 MW electricity and generate annual revenue of Rs 500 crore.
In a move that would improve the power condition in the state in the coming days, the Arunachal Pradesh cabinet on Tuesday decided to hand over five stalled hydropower projects to central PSUs. These projects have the capacity to produce 2,820 MW electricity and generate annual revenue of Rs 500 crore.
The projects which were handed over include the Naying hydropower project (1,000 MW) and the Hirong project (500 MW) to the Northeastern Electric Power Corporation (NEEPCO), the Emini hydropower project (500 MW), Amulin (420 MW), and Minundon project (400 MW) to the Satluj Jal Vidyut Nigam Limited (SJVNL), a central PSU, for execution.
“These projects will see an investment of Rs 40,000 crore in the next five to seven years and would generate green power of 2,820 MW and provide revenue of around Rs 500 crore per year in free power and around Rs 100 crore for local area development.” “The Cabinet approved the indicative procedure for transferring the stalled hydropower projects from the independent power producers to CPSUs in order to unlock the potential,” an official statement announcing the Cabinet decision said.
Tweeting about the Cabinet decision, Chief Minister Pema Khandu said, “Harnessing hydropower potential will benefit #ArunachalPradesh, locals and the nation in a sustainable manner. Today Cabinet deliberated and finalised an action plan for unlocking this rich potential, a major move to increase India’s non-fossil energy capacity to 500 GW.”
“Cabinet decided to hand over some important stalled projects currently with IPPs to CPSUs for their development. It will lead to all round growth, employment generation, ease of living and a slew of business opportunities for traders and entrepreneurs.” Chief Minister Pema Khandu on twitter.
Also Read: APPSC Paper Leak case: Wrongdoers won’t be spared, warns Arunachal HM Felix
COMMENTS
TOPMOST STORY NOW
Live It’s important for BJP-UPPL coalition to be in power in BTR for its development, peace and progress: Assam CM
28th April 2024Live Top IPL 2024 performers likely to be selected for T20 World Cup
28th April 2024Live Nagaland: ULB polls to be held on June 26 after 2 decades
28th April 2024Live Archery World Cup 2024: Sikkim’s Tarundeep Rai among India’s gold medal winning archery team, CM Tamang congratulates TARUNDEEP
28th April 2024WE RECOMMEND
“I bow to citizens of Arunachal Pradesh…”: Arunachal CM Khandu thanks voters
CM Khandu extended his greetings to the people of Arunachal for their overwhelming participation, saying that it “displayed exemplary commitment to democratic ethos of the country”.
27th April 2024Arunachal Repolling in 8 PS: 79.80% turnout recorded
The total voter turnout in the state now stands at 77.7% (Parliamentary Constituencies) and 82.95% (Assembly Constituencies).
26th April 2024Row over Chakma-Hajong: Union Minister Rijiju says his comments were twisted, misinterpreted; attempt to tarnish Assam CM’s image
Rijiju alleged that his remark has been fabricated to create confusion at a time when Lok Sabha polls are underway.
25th April 2024Arunachal CM Pema Khandu congratulates VogueStar Miss India 2024 Duyir Ete
Chief Minister Khandu said that Ete's achievement in the pageant reflects the broad spectrum of skill among the youth of Arunachal Pradesh.
24th April 2024Repoll in 8 polling stations of Arunachal Pradesh underway
Re-polling at these polling station was ordered after the voting done on April 19 at these constituencies were declared void by the Election Commission of India (ECI) after reports of violence and booth snatching came to fore.
24th April 2024