India approves $3.9 billion hydropower project near Chinese border

02 Mar 2023 CW Team

India has approved its largest hydropower project in the country's mountainous northeastern region bordering China, as it seeks to build renewable generation to meet rising power demand.

The government has approved a Rs 3.19 billion investment for the 2,880-megawatt Dibang project in Arunachal Pradesh. The project is expected to take nine years to complete.

Hydropower is classified as renewable energy in India, and it is seen as critical in the country's transition away from coal in order to manage fluctuations caused by intermittent solar and wind supplies. However, the large-scale environmental damage and community displacement caused by dam construction has hampered those plans, with local protests delaying projects and increasing construction costs.

The approved investment includes government support for flood mitigation and enabling infrastructure, such as roads and bridges connecting the construction site, totaling Rs 67.2 billion.

The NHPC did not respond to an email seeking feedback. Several other projects in the Himalayan region are running years behind their original schedule, with some blamed for loosening the earth and forcing local evacuations.

Also read:
Centre requests states to speed up energy activities in mission mode
IOC to set up green hydrogen plants at all refineries

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..