Arunachal govt inks hydro-electric project deal with Jindal Group
Arunachal Pradesh government and the Jindal Group will jointly develop 4,500 MW multi-purpose hydro-electric project. This project is believed to be biggest power project in the country.
Chairman of the Hydro-Power Development Corporation of Arunachal Pradesh T G Rinpoche told ET, "Already, an MoU has been inked and a joint venture company has been registered in June this year to implement the project. The corporation will have 26 per cent stake in the project."
He added that a detailed project report will be prepared soon. "We have chosen Jindal as the company as they have agreed to give 26% stake to the government."
Mr Rinpoche further said that the power project was earlier supposed to be developed by the power utility, National Thermal Power Corporation (NTPC).
The project is located in Lower Dibang valley on the Dibang River in the border state.
In 2006, the state government signed an agreement for development of about 10,230 MW of hydro power with PSUs including NHPC and North Eastern Electric Power Corporation (NEEPCO).
According to an estimate, Arunchal Pradesh has a potential to generate around 50,000 MW of power.