Neepco signs pact with Mizoram Govt

AIZAWL: Neepco (North Eastern Electric Power Corporation Ltd) and the Mizoram Government have signed a memorandum of agreement (MoA) here to take up three hydro electric projects having a total capacity of 1,526 MW.
Addressing a press conference on Friday night, Mr I.P. Barooah, Neepco Chairman and Managing Director, said the MoA was for setting up of 635-MW Chhimtuipui project, 815-MW Lungreng project and 76-MW Mat hydro electric project.
“Neepco would first carry out field investigations, which would take around 18 months, and thereafter subject to techno-commercial viability and necessary mandatory clearances, the projects would be taken up for execution,” Mr Barooah said.
He said with strong support received from the State Government and the Centre, the abandoned 60-MW Turial hydro electric project is in the final stages of revival and likely to commence work within three months after obtaining fresh clearances from the U nion Cabinet Committee on Economic Affairs.
The Turial project was delayed for six years due to law and order problems over claims of compensation by the land owners for the areas proposed to be submerged. The project cost was revised to Rs 880 crore and would produce power at Rs 3.70 per unit, he said. — PTI