Cabinet Approves Investment For 186mw Tato-i Hydro Project, India
2024-11-28 17:18
Favorite

Wedoany.com Report-Nov 28,   The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved an investment of ₹1,750 crore for the Tato-I hydroelectric project in Shi Yomi District, Arunachal Pradesh, India. The project, with an installed capacity of 186MW (3 x 62MW), is expected to be completed in 50 months and will generate 802 million units (MU) of electricity annually.

The Tato-I project aims to improve power supply in Arunachal Pradesh and support the national power grid. It will be developed through a joint venture between the North Eastern Electric Power Corporation Ltd. (NEEPCO) and the Arunachal Pradesh government. The central government will provide ₹77.37 crore for infrastructure such as roads, bridges, and transmission lines, along with ₹120.43 crore in financial assistance for the state’s equity share.

Arunachal Pradesh will receive 12% of the generated power for free, with an additional 1% allocated to a Local Area Development Fund (LADF). The project will enhance regional infrastructure, including 10km of new roads and bridges. Funds of ₹15 crore will be dedicated to developing local facilities like hospitals, schools, vocational training institutes, markets, and playgrounds.

The project is expected to boost socio-economic development, create employment opportunities, and support local communities through various compensation and corporate social responsibility (CSR) initiatives.

This bulletin is compiled and reposted from information of global Internet and strategic partners, aiming to provide communication for readers. If there is any infringement or other issues, please inform us in time. We will make modifications or deletions accordingly. Unauthorized reproduction of this article is strictly prohibited. Email: news@wedoany.com