New Delhi: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has approved the expenditure on pre-investment activities and various clearances for Dibang Multipurpose Project (MPP) in Arunachal Pradesh for an amount of Rs. 1600 crore.
The project shall generate 2880MW(12x240MW) power to produce 11223MU of energy in a 90% dependable year.
The Project is located on river Dibang and The estimated total cost of Project is Rs. 28080.35 including IDC & FC of Rs 3974.95 crore at Jun'18 price level.
Read more:India's overhauled oil policy unlikely to be a game-changer: Wood Mackenzie
On completion, the Government of Arunachal Pradesh will get 12% free power from the project i.e. 1346.76 MU. 1% free power (i.e. 112 MUs will be given in Local Area Development Fund(LADF). The total value of benefit to Arunachal Pradesh from Free power and contribution to LADF will be Rs 26785 crore over the project life of forty years.
Dibang MPP will work as a storage based hydro-electric project with flood moderation as the key objective. This will also protect from the perennial damage due to floods in Assam.
The project is having all statutory clearances viz. TEC, Environment Clearance, Forest Clearance (Stage-l) and Defence Clearance except Forest Clearance (Stage-II) for seeking Investment Sanction from Govt. of India.
