44 hydro deals with private power players cancelled by Arunachal govt
POWER & RENEWABLE ENERGY

44 hydro deals with private power players cancelled by Arunachal govt

The Arunachal Pradesh government has taken the decision to cancel 44 hydropower deals with private developers who showed no interest in executing them, according to State Deputy Prime Minister Chowna Mein. The withdrawn projects, with a total installed capacity of 32,415 megawatts, will now be handed over to Central Public Sector Undertakings (PSUs) through fresh agreements.

Arunachal Pradesh had previously signed 153 deals with various CPSUs and independent power producers for hydropower projects, with a combined capacity of 46,943 MW. However, many projects did not progress beyond the allotment stage, leading to the termination of agreements for 44 projects. Despite multiple notices served, private developers failed to demonstrate any interest in executing these projects, as stated by Mein, who also holds the power portfolio in the state.

To ensure the efficient utilization of resources, the terminated projects have been offered to CPSUs based on their performance and reliability. Already, fresh agreements for nine out of the 44 projects, with an installed capacity of 1,300 MW, have been signed. The remaining agreements will be processed soon, as stated by Mein. As part of this reallocation, the 120 MW Nafra and 90 MW New Melling projects have been handed over to the North Eastern Electric Power Corporation Ltd., while the 420 MW Amulin, 500 MW Emini, and 400 MW Mihundon projects have been entrusted to the Sutlej Jal Vidyut Nigam Ltd.

The centre has prepared an indicative list of 29 projects, which has been analyzed and evaluated by CPSUs such as the National Hydroelectric Power Corporation and Tehri Hydro Development Corporation Ltd. This move aims to streamline the development and utilization of hydropower resources in Arunachal Pradesh.

The Arunachal Pradesh government has taken the decision to cancel 44 hydropower deals with private developers who showed no interest in executing them, according to State Deputy Prime Minister Chowna Mein. The withdrawn projects, with a total installed capacity of 32,415 megawatts, will now be handed over to Central Public Sector Undertakings (PSUs) through fresh agreements. Arunachal Pradesh had previously signed 153 deals with various CPSUs and independent power producers for hydropower projects, with a combined capacity of 46,943 MW. However, many projects did not progress beyond the allotment stage, leading to the termination of agreements for 44 projects. Despite multiple notices served, private developers failed to demonstrate any interest in executing these projects, as stated by Mein, who also holds the power portfolio in the state. To ensure the efficient utilization of resources, the terminated projects have been offered to CPSUs based on their performance and reliability. Already, fresh agreements for nine out of the 44 projects, with an installed capacity of 1,300 MW, have been signed. The remaining agreements will be processed soon, as stated by Mein. As part of this reallocation, the 120 MW Nafra and 90 MW New Melling projects have been handed over to the North Eastern Electric Power Corporation Ltd., while the 420 MW Amulin, 500 MW Emini, and 400 MW Mihundon projects have been entrusted to the Sutlej Jal Vidyut Nigam Ltd. The centre has prepared an indicative list of 29 projects, which has been analyzed and evaluated by CPSUs such as the National Hydroelectric Power Corporation and Tehri Hydro Development Corporation Ltd. This move aims to streamline the development and utilization of hydropower resources in Arunachal Pradesh.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement