Revised Cost Estimate of North Eastern Region Power System Improvement Project (NERPSIP) approved

Revised Cost Estimate of North Eastern Region Power System Improvement Project (NERPSIP) approved

Part of: GS Prelims and GS-III – Infrastructure

In news

• The Union Cabinet has approved the Revised Cost Estimate (RCE) of North Eastern Region Power System Improvement Project (NERPSIP) at an estimated cost of Rs. 6,700 crore.

Key takeaways

• The scheme is being implemented through POWERGRID, a Public Sector Undertaking (PSU).
• Ministry: Ministry of Power 
• Beneficiary states: 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.
• Objective of the project: Economic development of North Eastern Region through strengthening of Intra – State Transmission and Distribution systems.

Do you know?

• 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) on 50:50 basis except for the capacity building component for Rs 89 crore, which will be entirely funded by the Gol.