The Cabinet Committee on Economic Affairs (CCEA) has approved the Revised Cost Estimate (RCE) of the North Eastern Region Power System Improvement Project (NERPSIP) at an estimated cost of Rs.6,700 crore.
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Key-Points
This is a major step, towards the economic development of the North Eastern Region through the strengthening of Intra-State Transmission and Distribution systems.
The scheme is being implemented through POWERGRID, a Public Sector Undertaking (PSU) under Ministry of Power in association with six beneficiary North Eastern States namely, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura.
The scheme is targeted to be commissioned by December 2021. After commissioning, the project will be owned and maintained by the respective North Eastern State Utilities.
The main objective of the project is economic development of North Eastern Region through strengthening of Intra – State Transmission and Distribution systems.
The Scheme was initially approved in 2014 as a Central Sector Plan Scheme of Ministry of Power.
It is being funded with the assistance of World Bank fund and by the Government of India (Gol) through the Budget support of Ministry of Power on 50:50 basis (World Bank: Gol) except for the capacity building component for Rs 89 crore, which will be entirely funded by the Gol.
