• search

Tipaimukh Multi Purpose Hydro project found economically inviable

Written by: Staff

New Delhi, May 12 (UNI) The Tipaimukh Multi purpose Hydro electric projects in the North Eastern states of Mizoram and Manipur was found to be economically inviable by the Public Investment Board (PIB), Power Minister Sushil Kumar Shinde said in a written reply in the Lok Sabha today.

Mr Shinde said, however, as the project supports larger socio-eonomic considerations, it has been recommended by the PIB for investment approval, subject to compliance mainly on costs relating to flood moderation, diversion of National Highways and external security as agreed to be borne by the concerned administrative departments.

The issue of cost will be addressed in consultation with the Ministry of Environment and Forests.

The Ministry of Power may persude the State Governments of Mizoram and Manipur to reduce their share of free power from the project and the signing of the Power Producers Agreement (PPAs) for sale of power.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more