POWERGRID implements project for the NER States
The Cabinet Committee on Economic Affairs has approved the Rs.6,700 crore Revised Cost Estimate (RCE) of the North Eastern Region Power System Improvement Project (NERPSIP) on 16 Dec 2020.
This is a major step towards economic development of North Eastern Region through the strengthening of Intra-State Transmission and Distribution systems, said the Cabinet.
The scheme is being implemented through POWERGRID, a Public Sector Undertaking (PSU) under the Ministry of Power in association with Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura.
The project, expected to be commissioned by December 2021, will be owned and maintained by the respective North-Eastern State Utilities.
The main objective of the project is Government commitment for the total economic development of the North Eastern Region and to strengthen the Intra-State Transmission & Distribution Infrastructure in the North East Region, said the Cabinet.
Implementation of this scheme will create a reliable power grid and improve NER States’ connectivity to the upcoming load centers, and thus extend the benefits of the grid-connected power to all categories of consumers of beneficiaries in the North Eastern Region.
The Scheme was initially approved in December 2014 as a Central Sector Plan Scheme of The Power Ministry and is being funded with the assistance of World Bank fund and by the Indian Government through the Budget support of the Power Ministry on a 50:50 basis by the World Bank and the Government of India (Gol) except for the capacity building component for Rs.89 crore, being entirely funded by GoI. #tenders #projects #investment #power #infrastructure #banking /fiinews.com
