Arunachal Pradesh terminates 44 MoAs with private power developers: Deputy CM
The Hindu
The Arunachal Pradesh Govt has terminated 44 Memorandum of Agreements with various private power developers as they “showed less interest” in executing projects allotted to them, Deputy Chief Minister Chowna Mein said.
The Arunachal Pradesh Government has terminated 44 Memorandum of Agreements (MoAs) with various private power developers as they "showed less interest" in executing projects allotted to them, Deputy Chief Minister Chowna Mein said in Namsai on June 4.
Interacting with reporters in Namsai, Mr. Mein, who also holds the Power portfolio, informed that the projects which have been withdrawn from private developers would be handed over to Central Public Sector Understandings (CPSUs) and accordingly fresh MoAs would be signed soon.
The projects have an installed capacity of 32,415 megawatt, he said.
"MoAs for nine projects with an installed capacity of 1,300 megawatt have already been signed and for the rest, it will be initiated soon," Mr. Mein said.
Mr. Mein said the terminated projects were offered to central public sector undertakings (CPSUs), considering their performance and reliability.
The State Government had so far inked 153 MoAs with various CPSUs and Independent Power Producers (IPPs) for hydropower projects with a combined capacity of 46,943 megawatt, he said, adding that the MoAs were signed in accordance with the hydropower policies of the Centre and the State Government.
"After the allotments, progress in many projects could not be achieved due to various reasons. Despite serving several notices to private developers concerned, they were not inclined to execute the projects, for which, 44 MoAs have been terminated," Mr. Mein said.
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