NHPC gets govt nod for 2,880 MW Dibang multipurpose project
06 Mar 2023
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The Cabinet Committee on Economic Affairs (CCEA) of the union government has accorded final approval for the 2,880 MW Dibang multipurpose project, which is billed as the largest hydro-power project to be constructed in India.
The 2,880 MW (240 MW x 12) project is estimated to cost around Rs31,876 crore and will produce 11,223 million units of power in a 90 per cent dependable year, the company said in a stock exchange filing on Monday.
The project, which will be developed by state-owned National Hydroelectric Power Corporation (NHPC) Limited, will add to the country’s renewable power generation capaqcity while meeting rising power demand.
A 90 per cent dependable year is the year in which the annual generation has the probability of being equal to or exceed 90 per cent of the time on an annual basis during the expected period of operation.
The estimated completion period is nine years from the receipt of government sanction.
The government has also approved a budgetary support of Rs6,159.40 crore towards flood moderation component and Rs556.15 crore towards enabling infrastructure (roads/ bridges etc) for the project.
NHPC had received the union cabinet approval for the Dibang Multipurpose Project in July 2019.
The project is located on river Dibang in Lower Dibang Valley district of Arunachal Pradesh. It involves the construction of a 278m high concrete gravity dam, which will be the highest dam in India once completed.
Dibang Multipurpose Project is envisaged as a storage-based hydropower project with flood moderation as the key objective.
NHPC has all statutory clearances such as TEC, environment clearance, forest clearance (Stage-1) and defence clearance except for forest clearance (Stage-ll) for seeking investment sanction from the Government of India.
Shares of NHPC are trading 1 per cent higher at Rs38.80.
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