New Delhi: The government today approved NEEPCO’s 110 MW hydel power project at Pare in Arunachal Pradesh, entailing an investment of Rs574 crore.
A meeting of Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Manmohan Singh, gave approval to North Eastern Electric Power Corp Ltd (NEEPCO) for implementing the Pare Hydro Electric Project, Minister of State in the Prime Minister’s Office Prithviraj Chauhan said.
The project would be set up at a cost of Rs573.99 crore, which includes Interest During Construction (IDC) and Financing Charges of Rs68.06 crore.
“It would be funded through Rs172.20 crore equity from the central government, while Rs401.79 crore would be borrowed for the project,” he said.
The Pare Hydro Electric Project is scheduled for commissioning in 44 months or over three-and-half years.
“The power generated would meet energy requirements of Arunachal Pradesh, Assam and other North Eastern Region states,” he said.
It would use the existing 132 KV transmission system of Ranganadi Hydro Electric Project to transmit the power.