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.
