Latest news with #Tato-II
Hindustan Times
6 days ago
- Business
- Hindustan Times
Centre approves ₹8K-crore for Arunachal hydroelectric project
New Delhi The Union cabinet chaired by Prime Minister Narendra Modi has approved ₹8146.21 crore for a 700 MW hydroelectric project, Tato-II, in Arunachal Pradesh's Shi Yomi district, a move that comes weeks after China began construction of what is set to be the world's largest river dam on the upper reaches of the Brahmaputra river. Centre approves ₹ 8K-crore for Arunachal hydroelectric project The project will be implemented by a joint venture between the North Eastern Electric Power Corporation Ltd, a central public-sector company, and the state government. It will take an estimated six years to build, a statement said. The Centre will additionally give ₹458.79 crore for constructing roads, bridges and transmission lines, apart from assistance of ₹436.13 crore towards equity share of the state. Arunachal Pradesh's cabinet had in May approved five mega hydropower projects in Shi Yomi, which borders China, towards the middle northern part of the state. The five projects – Heo, Hirong, Naying, Tato I, and Tato II – would have a total capacity of 2,626 megawatts of electricity. 'On behalf of the people of Arunachal Pradesh, I convey our heartfelt gratitude to Hon'ble PM Shri Narendra Modi ji for approving the 700 MW Tato-II Hydroelectric Project with an investment of ₹8146.21 crore in Shi Yomi district,' Arunachal chief minister Pema Khandu said in a Facebook post soon after the Centre's decision. The state government has tasked a panel with modifying the State Hydro Power Policy, 2008, as well as the Local Area Development Fund Guidelines, 2022 to ramp up hydropower projects. About 49% of India's hydropower potential is said to be in Arunachal Pradesh. Last month, Chinese Premier Li Qiang presided over a ceremony marking the start of construction on the $167-billion dam on Yarlung Tsangpo river in Tibet, according to reports in China's state-run media. The Motuo hydropower station is set to overtake the Three Gorges dam as the world's largest, sparking concerns in India over its potential impact on the Brahmaputra. The project has drawn criticism for its potential impact on the environment of Tibet and on millions of people in India and Bangladesh. These concerns could spur India to fast-track another multipurpose dam in Arunachal Pradesh, known as the Siang Upper multipurpose storage project, to act as a buffer against sudden changes in the flows of the Siang and Brahmaputra rivers, people familiar with the matter had said last month. However, indigenous Adi tribal inhabitants of the region have protested the proposed Upper Siang project, fearing loss of livelihoods and displacement. The Chinese dam is located around a 'great bend' on the Yarlung Tsangpo river, which is known in India as the Brahmaputra, a lifeline for Assam. The Siang, which flows through Arunachal Pradesh, is the Brahmaputra's main tributary that connects it to the YarlungTsangpo. The Tato-II project would benefit the state by yielding 12% free power and another one per cent towards Local Area Development Fund, Union information and broadcasting minister Ashwini Vaishnaw said.
Economic Times
7 days ago
- Business
- Economic Times
Centre approves Rs 8,146.21 cr investment to build 700MW Tato-II hydro project in Arunachal Pradesh
Synopsis The Union government has approved an investment of ₹8,146.21 crore for building the 700 MW Tato-II hydro-electric project in Arunachal Pradesh's Shi Yomi district. The project, to be completed in 72 months, will generate 2,738 million units of power, improving electricity supply in the state and aiding national grid stability. ANI The Union government on Tuesday approved an investment of Rs 8146.21 crore for the construction of a 700 MW Tato-II hydro-electric project in Shi Yomi District of Arunachal Pradesh. The estimated completion period for the project is 72 months, an official statement said. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Tuesday approved investment of Rs 8,146.21 crore for the construction of Tato-II Hydro Electric Project (HEP) in Shi Yomi District of Arunachal Pradesh, it stated. The project with an installed capacity of 700 MW (4 x 175 MW) would produce 2,738.06 million units of energy. The power generated from the project will help improve the electricity supply position in the state of Arunachal Pradesh and will also help in balancing the national Grid. The Project will be implemented through a Joint Venture Co. between North Eastern Electric Power Corporation Ltd (NEEPCO) and the Government of Arunachal Pradesh. Government of India shall extend Rs 458.79 crore as budgetary support for the construction of roads, bridges and associated transmission line under enabling infrastructure besides Central Financial Assistance of Rs 436.13 crore towards equity share of the state. The state would benefit from 12 per cent free power and another 1 per cent towards Local Area Development Fund (LADF), besides significant infrastructure improvement and socio-economic development of the region. There will be significant improvement in infrastructure, including the development of around 32.88 kilometres of roads and bridges, for the project, which shall be mostly available for local use. The district will also benefit from the construction of essential infrastructure, including hospitals, schools, marketplaces, and playgrounds, to be financed from dedicated project funds of Rs 20 crore. Local populace shall also be benefited from many sorts of compensations, employment and CSR activities, the statement said.
Time of India
7 days ago
- Business
- Time of India
Centre okays ₹8,146 crore investment for 700 MW hydro project in Arunachal Pradesh
New Delhi: The Cabinet Committee on Economic Affairs ( CCEA ) on Tuesday approved an investment of ₹8,146.21 crore for the construction of 700 megawatt (MW) Tato-II Hydro Electric Project in Shi Yomi district of Arunachal Pradesh , with an estimated completion period of 72 months. The Centre will provide ₹458.79 crore as Budgetary support for the construction of roads, bridges and associated transmission lines under enabling infrastructure, and ₹436.13 crore as central financial assistance towards the state's equity share. The project, with an installed capacity of four units of 175 MW each, will produce 2,738.06 million units (MU) of energy annually. The power generated will improve electricity supply in Arunachal Pradesh and help in balancing the national grid. The project will be implemented through a joint venture between North Eastern Electric Power Corporation (NEEPCO) and the Arunachal Pradesh government. Arunachal Pradesh will receive 12 per cent free power from the project and another one per cent towards the Local Area Development Fund. The initiative will involve the development of about 32.88 kilometres of roads and bridges, which will largely be available for local use. Essential infrastructure such as hospitals, schools, marketplaces and playgrounds will also be developed with a dedicated project fund of ₹20 crore. The project is expected to generate direct and indirect employment opportunities and extend benefits to local suppliers, enterprises and MSMEs. According to the government, the Tato-II project is aligned with the objectives of the Aatmanirbhar Bharat Abhiyan and will contribute to infrastructure development and socio-economic growth in the region.
Economic Times
7 days ago
- Business
- Economic Times
IIM Guwahati, Lucknow Metro extension
The Union Cabinet has approved four new semiconductor plants in Odisha, Andhra Pradesh, and Punjab worth Rs 4,594 crore, taking the total chip projects under ISM to 10 with Rs 1.6 lakh crore in investments. Also cleared: an IIM in Guwahati, Lucknow Metro extension, and a 700 MW Tato-II hydro project. Show more 03:42 05:28 10:08 12:50 03:53 03:01 01:59 01:55 03:11 05:07 03:37 05:03 03:59 05:00 05:46 15:13 03:50 03:35 08:36 13:56 02:49 05:10 04:49
New Indian Express
7 days ago
- Business
- New Indian Express
Union Cabinet approves Phase-IB of Lucknow Metro project; 4 chip plants in Odisha, Punjab, AP
The Union Cabinet on Tuesday approved several projects, including four semiconductor plants for Odisha, Punjab and Andhra Pradesh, the Phase-IB of the Lucknow Metro project and a 700 MW Tato-II hydro-electric project in Arunachal Pradesh. The Cabinet meeting was chaired by Prime Minister Narendra Modi. Under the India Semiconductor Mission, which has an outlay of Rs 76,000 crore to provide financial support for setting up chip facilities in the country, the government has approved four semiconductor projects entailing Rs 4,594 crore investment in the three states. According to Information & Broadcasting Minister Ashwini Vaishnaw, a silicon carbide semiconductor plant will be set up in Bhubaneswar with an investment of Rs 2,066 crore by SiCsem Pvt Ltd. Another plant in the state will be set up for 3D Glass manufacturing with an investment of Rs 1,943 crore. The minister said that the 3D Glass semiconductor plant will be backed by investment from leading US technology firm Intel, Lockheed Martin, etc. The Cabinet approved a chip packaging plant in Andhra Pradesh, which will be set up by Advanced System in Package Technologies Pvt Ltd with an investment of Rs 468 crore. A semiconductor project of electronic component maker firm CDIL, to be set up in Punjab with an investment of Rs 117 crore, has been approved, the minister stated. Phase-IB of Lucknow Metro project The government also approved the Phase-IB of the Lucknow Metro project with a corridor length of 11.165 km at a cost of Rs 5,801 crore.
