CCEA okays Rs 1,600 crore for Dibang Multipurpose Project

The Cabinet Committee on Economic Affairs (CCEA) has okayed Rs 1,600 crore expenditure for pre-investment activities for the Dibang Multipurpose Project in Arunachal Pradesh. According to an official statement, the total cost of the project is estimated at Rs 28080.35 crore at June 2018 price levels.

Minister for Information and Broadcasting, Prakash Javdekar said the 2880 MW hydropower project will be the largest ever Hydro Electric Project to be constructed in India. At 278 meters, this will be the highest dam in India once completed. Arunachal Pradesh will get 12 per cent free power from the project.

While one per cent free power will be given in Local Area Development Fund (LADF), the total benefit to Arunachal Pradesh from free power and contribution to the LADF will be Rs 26,785 crore over the project life of 40 years.

Image Credit : eqmagpro.com

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