New Delhi/Itanagar: The Arunachal Pradesh Government on Saturday inked memorandums of agreement (MoAs) with three central public sector undertakings (PSUs) for the development of 12 hydropower projects with a total capacity of 11,523 MW in the state.
An estimated investment of Rs 1,42,000 crore would be made while executing the projects, officials said.
Five projects with an installed capacity of 2,626 MW were allocated to NEEPCO, while another five projects of 5,097 MW capacity awarded to SJVN Limited and two projects of 3,800 MW capacity to NHPC respectively.
Union Power Minister RK Singh, Chief Minister Pema Khandu along with officials were present on the occasion.
State Power Commissioner Ankur Garg signed the MoAs on behalf of the government while SJVN CMD Nand Lal Sarma, NHPC technical director Biswajit Basu and NEEPCO technical director Ranendra Sharma, signed the MoAs on behalf of the CPSUs.
The projects were allotted a few years ago to independent power developers but remained stalled due to various reasons. The state government decided to rope in central PSUs to give a push to the languishing projects, an official said.
Speaking on the occasion, Union Power Minister R K Singh termed the occasion as historic'.
He said of the total 12 projects, work on at least seven to eight would start from March next year.
"Development of these projects will contribute to achieving the declared Nationally Determined Contribution (NDC) target of non-fossil energy capacity of India to reach 500 GW by 2030," the minister said.
Thanking Prime Minister Narendra Modi and Power Minister Singh, Khandu said the projects would provide a tremendous boost to the growth and development of the state and would augment the country's power security through clean and green energy.
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