NHPC to invest Rs 27,000 cr in Arunachal Pradesh

NHPC to invest Rs 27,000 cr in Arunachal Pradesh
PTI
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First Published: Mon, Jun 25 2007. 05 30 PM IST
Updated: Mon, Jun 25 2007. 05 30 PM IST
Itanagar: National Hydro Power Corporation (NHPC) would invest Rs27,000 crore in Arunachal Pradesh in the next 10 years for development of mega hydro projects.
This was announced by the company’s chairman and managing director S.K. Garg here on 24 June after signing a revised MoA with the state government for development of three more projects with a total capacity of 4,500 MW.
Garg handed over a cheque for Rs225 crore as advance to Chief Minister Dorjee Khandu, saying this was the first time that such a large amount was given by any organisation to a state government as advance.
The entire amount, he said, would be used by the state government to revive the state-owned Arunachal Pradesh Cooperative Apex Bank lying non-functional for the past two years because of indiscriminate disbursement of loans.
He said of the projects, the 3,000-MW Dibang hydel project would be the biggest in the country when completed by 2016. Two projects of 750 MW each would be located in Tawang.
Garg said that NHPC has already spent Rs 1,700 crore on the 2,000-MW Lower Subansiri project in the state, which is by far the biggest in the country.
Arunachal Pradesh, he said, would become the power house of the country with a potential of over 55,000 MW hydro power potential.
The state has already signed MoUs and MoAs for a total capacity of around 30,000 MW including 10,230 MW with PSUs like NHPC on seven projects.
All these projects were likely to be completed by the end of the 12th plan period.
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First Published: Mon, Jun 25 2007. 05 30 PM IST