The Arunachal Pradesh authorities on Saturday inked memorandums of settlement with three central public sector undertakings for the event of 12 hydropower projects with a complete capability of 11,523 MW within the state. An estimated funding of Rs 1,42,000 crore can be made whereas executing the projects, officers stated.
Five projects with an put in capability of 2,626 MW had been allotted to NEEPCO, whereas one other 5 projects of 5,097 MW capability awarded to SJVN Limited and two projects of 3,800 MW capability to NHPC respectively.
Union Power Minister RK Singh, Chief Minister Pema Khandu together with officers had been current on the event. State Power Commissioner Ankur Garg signed the MoAs on behalf of the federal government whereas SJVN CMD Nand Lal Sarma, NHPC technical director Biswajit Basu and NEEPCO technical director Ranendra Sharma, signed the MoAs on behalf of the CPSUs.
Central PSUs roped in
The projects had been allotted just a few years in the past to unbiased power builders however remained stalled due to numerous causes. The state authorities determined to rope in central PSUs to give a push to the languishing projects, an official stated.
Speaking on the event, Union Power Minister R Okay Singh termed the event as ‘historic’. He stated of the overall 12 projects, work on at the least seven to eight would begin from March subsequent yr.
“Development of these projects will contribute to achieving the declared Nationally Determined Contribution (NDC) target of non-fossil energy capacity of India to reach 500 GW by 2030,” the minister stated.
Thanking Prime Minister Narendra Modi and Power Minister Singh, Khandu stated the projects would supply an amazing enhance to the expansion and improvement of the state and would increase the nation’s power safety via clear and inexperienced vitality.
(With PTI inputs)
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