NEEPCO-AP Govt JV to implement Rs.3,689cr projects
The Cabinet Committee on Economic Affairs (CCEA) has approved two hydro electric projects worth Rs.3,689 crore in Shi Yomi District of Arunachal Pradesh https://www.conexpoconagg.com/.
CCEA has approved on 25 Nov investment Proposal for construction of 240 MW Heo Hydro Electric Project with an outlay of Rs.1,939 crore with completion period of 50 months https://www.globaltenders.com/ .
Also approved was the Rs.1,750 crore Investment Proposal for construction of 186 MW Tato-I Hydro Electric Project with completion period of 50 months.
The Heo project with an installed capacity of 3 x 80 MW would produce 1,000 million units of energy for the state https://ted.europa.eu/en/.
A Joint Venture Company between North Eastern Electric Power Corporation Ltd (NEEPCO) and the Government of Arunachal Pradesh will implement the project.
Government of India shall extend Rs.127.28 crore as budgetary support for construction of roads, bridges and associated transmission line under enabling infrastructure besides Central Financial Assistance of Rs.130.43 crore towards equity share of the State https://www.bseindia.com/ .
NEEPCO and the Government of Arunachal Pradesh JV would also implement the Rs.1,750 crore for construction of Tato-I Hydro Electric Project (HEP) in the state for completion in 50 months https://www.nseindia.com/ .
The 3 x 62 MW project would produce 802 million units of energy.
The Government of India shall extend Rs.77.37 crore as budgetary support for construction of roads, bridges and associated transmission line under enabling infrastructure besides Central Financial Assistance of Rs.120.43 crore towards equity share of the State.
The state would be benefit from both projects 12% free power and another 1% towards Local Area Development Fund (LADF) besides significant infrastructure improvement and socio-economic development of the region.
There will be significant improvement in infrastructure, including the development of around 10 kilometres of roads and bridges, for the project which shall be mostly available for local use, CCEA said. fiinews.com
