Cabinet approves investments in India's largest hydropower plant
- IBEF
- July 18, 2019
The estimated total expense of project is Rs 28080.35 crore (US$ 3.9 billion) and the estimated finishing time period for the project will be nine years from receipt of Government sanction.
The project will produce 2880 mw (12x240 mw) power and is the biggest ever hydroelectric power project to be developed in India. The dam is 278 meters high and will be the highest dam in India once finished.
On culmination, the government of Arunachal Pradesh will get 12 per cent free power from the project. One per cent free power will be given in Local Area Development FUND (LADF). The total estimation of advantage to Arunachal Pradesh from free power and contribution to LADF will be Rs 26785 crore (US$ 3.7 billion) over the project life of 40 years.
The task is having every single statutory clearance including environment clearance, forest clearance (Stage-l) and defence clearance aside from forest clearance (Stage-II) for seeking Investment from the Centre.
The endorsement of anticipated expenditure on pre-investment activities and different clearances will empower instalment towards compensation for land acquisition and R&R activities (Rs 500.40 crore (US$ 69.5 million) ) to project influenced families and state government, payment of Net Present Value (NPV) of forests, Compensatory Afforestation (CA), Catchment Area Treatment Plan (CAT) to the state government for forest lands, to sheltered the Forest Clearance (stage II) and development of roads and bridges for accessing project site. In addition to manded R&R plan, it is also proposed to spend Rs. 241 crores (US$ 33.4 billion) on Community and Social Development plan and certain worries raised by the nearby individuals during the public proceedings. It is likewise proposed to spend a measure of Rs. 327 lakhs (US$ 0.45 million) on an arrangement for insurance of culture and identity of local people.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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