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The Cabinet Committee on Economic Affairs Wednesday authorised the revised price estimate of Rs 6,700 crore for the North Eastern Region Power System Improvement Project (NERPSIP) — a project which the federal government mentioned was “a major step towards economic development” of the area by “strengthening of intrastate transmission and distribution systems”.
NERPSIP is being carried out by the Public Sector Unit Powergrid, in affiliation with beneficiary states Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. Once commissioned — with December 2021 as goal — it will likely be owned and maintained by the respective state utilities.
The project was initially authorised in December 2014, as a Central sector plan scheme of the Power Ministry, and is partially funded by the World Bank. The Centre will cowl the capability constructing part for a further Rs 89 crore.
The project is meant to “create a reliable power grid and improve NER states’ connectivity to the upcoming load centers, and thus extend the benefits of the grid connected power to all categories of consumers of beneficiaries” within the area, the federal government mentioned. “The scheme shall also increase the per capita power consumption of these states, and shall contribute to the total economic development of the northeastern region.”
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