The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has approved investment of Rs.1939 crore for construction of Heo Hydro Electric Project (HEP) in Shi Yomi District of Arunachal Pradesh. The estimated completion period for the project is 50 months.
The project with an installed capacity of 240 MW (3 x 80 MW) would produce 1000 Million Units (MU) of energy. The Power generated from the Project will help improve the power supply position in the state of Arunachal Pradesh and will also help in balancing of the national Grid.
The Project will be implemented through a Joint Venture Company between North Eastern Electric Power Corporation Ltd. (NEEPCO) and the Government of Arunachal Pradesh. Government of India shall extend Rs.127.28 crore as budgetary support for construction of roads, bridges and associated transmission line under enabling infrastructure besides Central Financial Assistance of Rs.130.43 crore towards equity share of the State.
The state would be benefitted from 12% free power and another 1% towards Local Area Development Fund (LADF) besides significant infrastructure improvement and socio-economic development of the region.
The Project, in line with the aims and objectives of Aatmanirbhar Bharat Abhiyan, would provide various benefits to local suppliers/ enterprises/ MSMEs. During the construction phase, the project will require approximately 200 personnel from NEEPCO and around 400 workers from the contractor. In addition, the project will create significant indirect employment opportunities for the local community through various small contracts and services during its execution. The project would also provide employment during Operation & Maintenance. Furthermore, its development would create employment in sectors such as transportation, tourism, small-scale businesses.
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MJPS/BM
