The Cabinet on Tuesday approved investment of Rs 8,146.21 crore for construction of Tato-II Hydro Electric Project (HEP) in Shi Yomi District of Arunachal Pradesh. The estimated completion period for the project is 72 months.
The project with an installed capacity of 700 MW would produce 2738.06 MU of energy.
A Major Boost for Regional Power and the National Grid
The power generated from the project will help improve the power supply position in the state of Arunachal Pradesh and will also help in balancing the national Grid, the government said.
The project will be implemented through a Joint Venture between North Eastern Electric Power Corporation Ltd. (NEEPCO) and the Government of Arunachal Pradesh.
Central government shall extend Rs 458.79 crore as budgetary support for construction of roads, bridges and associated transmission line under enabling infrastructure besides Central Financial Assistance of Rs 436.13 crore towards equity share of the state.
Socio-Economic Benefits and Local Development
The state would be benefitted from 12% free power and another 1% towards Local Area Development Fund (LADF) besides significant infrastructure improvement and socio-economic development of the region, said the government.
The project is in line with the aims and objectives of Aatmanirbhar Bharat Abhiyan, would provide various benefits to local suppliers/enterprises/MSMEs including direct and indirect employment opportunities.
There will be significant improvement in infrastructure, including the development of around 32.88 kilometres of roads and bridges, for the project which shall be mostly available for local use, the government said.
The district will also benefit from the construction of essential infrastructure such as hospitals, schools, marketplaces, playgrounds, etc. to be financed from dedicated project funds of Rs 20 crore.