India approves investment for its largest hydropower project
Its total cost is estimated at $3.9b
The government has approved the investment for the 2,800-megawatt (MW) Dibang Multipurpose Project in Arunachal Pradesh, the largest hydropower project in India.
In a disclosure, National Hydroelectric Power Corp (NHPC) said the project, which is expected to be completed built in nine years, costs around $3.9b (INR318.76b) at May 2021 price level.
NHPC said the project is expected to produce 11,223 million units of energy in a 90% dependable year.
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Its development will involve a 278 metres high dam, the highest in India once completed, which will be located on the Dibang river in Lower Dibang Valley.
The Arunachal Pradesh government will get 12% free power from the project upon completion, whilst 1% free power will be allocated to the Local Area Development Fund.
$1 = INR82.38
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