CM: Power projects with 1 lakh cr investment underway in Arunachal
2
New Delhi: Multiple hydro-power projects with an investment of over Rs 1 lakh crore are underway in Arunachal Pradesh to produce 18,000 MW of power, chief minister Pema Khandu has said.
Five of these projects of 2,620 MW have been allocated by the state govt to the North Eastern Electric Power Corporation Ltd (NEEPCO), five projects of 5,097 MW to Satluj Jal Vidyut Nigam Ltd (SJVN) and two projects with a capacity of 3,800 MW to the National Hydroelectric Power Corporation.
"As of now, on the ground, the work for generating a total of 18,000 MW of hydro-power is on. In the coming days, we will add more projects.
All these projects involved more than Rs 1 lakh crore investment," Khandu told PTI in an interview here.
He said these projects were earlier allotted to private sector developers but remained non-starters due to various reasons. Arunachal Pradesh govt, therefore, decided to rope in central hydro PSUs to give a push to the languishing projects.
"These projects remained on paper only as the developers did not take an initiative.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
นี่อาจเป็นโอกาสทองที่ดีที่สุดในรอบ 5 ปีสำหรับการเทรดทองคำ
IC Markets
อ่านเพิ่มเติม
Undo
After I became the chief minister, I reviewed all the projects and cancelled them. I have conveyed to the central govt that a hydro power project means big investment. Private companies are not in a position to execute them. Only the Govt of India should take the initiative," he said.
The chief minister said the state govt held a meeting with the Prime Minister and, after that, zeroed in on central PSUs — NHPC, NEEPCO and SJVN — and signed agreements basin-wise.
He said wherever there were immediate doable projects, the state govt signed the MoUs for the development of 13,000 MWs last year.
"Besides these, there are some ongoing projects like the Lower Subansiri hydro-electric project of 2,000 MW. It will start generating power from next year. There is one more project which is even bigger than the Lower Subansiri — that will produce 2880 MW power. Work on this project has also started," he said.
Once operational, the Lower Subansiri hydro-power project will be the biggest hydropower plant of India.
After that, the proposed 2,880 MW Dibang multipurpose hydroelectric project is expected to be commissioned in 2032. It will also have the tallest dam in India with a height of about 288 metres.
PTI
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
19 minutes ago
- New Indian Express
ICICI Lombard net profit zooms 47.6% to Rs 746.6 crore on motor segment growth
MUMBAI: ICICI Lombard General Insurance has reported a net profit of Rs 746.6 crore in the June quarter, up a strong 47.6% from Rs 505.9 crore in the same period a year ago, as the company had lower claims and higher premium collection from the staple motor segment. The surge was primarily driven by higher investment income and a recovery in underwriting performance, particularly in the motor segment, the company said in a statement Tuesday. Gross written premium during the quarter inched up 1.5% to Rs 805 crore from Rs 793 crore in the same quarter last year, while net written premium rose to Rs 561 crore, up 4.7% from Rs 536 crore and the net premium earned came in at Rs 513.6 crore, up 14%. Total income surged to Rs 608 crore in Q1 from Rs 535 crore, bolstered by a sharp rise in investment income. Net income from investments increased to Rs 94.3 crore, up 11.6 percent from Rs 84.45 crore.
Time of India
22 minutes ago
- Time of India
Who is Satoshi Nakamoto, and how has he joined the list of the world's richest
While tech tycoons often dominate the spotlight, there's one name that quietly rises above, without ever being seen. Satoshi Nakamoto, the mysterious creator of Bitcoin , has now become one of the wealthiest people on the planet. According to crypto analytics firm Arkham, Nakamoto's wealth has touched $128.92 billion (about ₹10.78 lakh crore), placing them at number 11 in global rankings. Richer than Dell– but still a mystery Arkham's latest data shows Nakamoto holds around 1.096 million BTC. Based on today's prices, that pushes their net worth ahead of Michael Dell, who, according to Forbes, is worth $124.8 billion. But despite the staggering numbers, Nakamoto's identity remains a complete mystery– no one knows who it is, or whether it's a single person or a team. Theories, denials, and one court verdict Since Bitcoin's launch, plenty of names have popped up– Hal Finney, Nick Szabo, Elon Musk, and Jack Dorsey– but each one has denied any link to Bitcoin's creation, according to a report by the Times of India. According to the report, Australian computer scientist Craig Wright made the boldest claim, publicly declaring himself as Nakamoto. But in 2024, the UK High Court threw out his claims. He was found guilty of making false statements and what the court described as 'legal terrorism.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Articles Vally Undo Wright was given a 12-month suspended sentence and banned from ever calling himself Bitcoin's creator again. Nakamoto disappeared in 2011, but theories haven't Until 2011, Nakamoto was regularly active online, mainly through forums and emails. After that, all communication stopped. The New York Post noted that Nakamoto once claimed to be a 37-year-old man from Japan. But the timing of his posts aligned more with UK daytime hours, adding to the ongoing speculation. Quiet genius, not spotlight seeker As per the Times of India report, though Nakamoto stayed away from fame, his work did the talking. His code, especially in C++, has often been described as highly advanced. In The Mysterious Mr. Nakamoto: A Fifteen-Year Quest to Unmask the Secret Genius Behind Crypto, journalist Benjamin Wallace wrote that Nakamoto was 'an elusive figure who might or might not exist,' as quoted by the New York Post. From obscure code to one of the world's most valuable assets What started as a small project among developers and cypherpunks grew into one of the most valuable assets in the world. By 2022, Bitcoin ranked ninth globally– just behind Tesla and ahead of Meta, as per reports. A statue without a face In Budapest's Graphisoft Park, a statue now stands in honor of Nakamoto. Made by Gergely Réka and Tamás Gilly, the bronze figure wears a hood and has a reflective aluminum-bronze face. According to StatueOfSatoshi(dot)com: 'The statue represents a general human figure, since we do not know the gender, race, age, or height of the mysterious developer.' Anyone who stands in front of it sees their own reflection– fittingly capturing the message, 'We Are All Satoshi.'
Time of India
26 minutes ago
- Time of India
The real cost of ‘I deserve it': How tiny money habits quietly kill your wealth warns Finwisor CEO
Most people do not ruin their finances overnight. It happens in bits and pieces. Jay Shah, CEO at Finwisor, summed this up in a LinkedIn post that caught many off guard. He calls it 'slow financial suicide'. Small habits that seem harmless often drain more wealth than a single big mistake ever could. Shah listed simple examples that hit close to home for many people. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Much Does It Cost to Rent a Private Jet - The Prices May Surprise You! Private Jet I Search Ads Learn More Undo Spending ₹1 lakh on a party because 'I deserve it'. Buying a ₹20 lakh car to match what colleagues drive. Going abroad every year without thinking about retirement. Putting off serious financial planning because next year always feels close enough. Jumping into Bitcoin because the news says it is hot. Avoiding insurance because 'nothing's likely to happen'. Letting ₹50 lakh sit idle instead of making it grow. Blindly following influencers into risky trades. Live Events 'I've seen this up close,' Shah wrote. 'People with great jobs, big salaries, and sharp instincts still end up stuck financially because of these patterns.' Discipline makes the difference Understanding money is not rocket science. Spend less than you earn, plan for tomorrow, invest the extra. Many know this in theory. Few stick to it. 'Understanding money isn't hard,' Shah says, 'but sticking to a plan takes real effort.' He urges everyone to run a simple check. 'Has your investment ratio — how much you invest from your income — increased over the years? Could you survive financially if you couldn't work for six months? Do you know exactly why you hold each investment, and when you'd sell it? If something happened to you, would your family know what to do?' 'These aren't dramatic questions,' Shah says. 'But they can quietly change your life for the better.' His post drew plenty of nods. One reader added, 'Don't forget spending your life savings on a one-day wedding!' The big mistakes hiding in plain sight The same point is echoed by Bajaj Finserv , which warns that people often slip because they do not plan enough or act without thinking. Their advice is plain. Start saving early. Build a 'safety net'. A good thumb rule is to save at least 20 percent of your income. Many people ignore this and find themselves with no cushion when things go wrong. Next is debt. Some loans help build assets, but too much debt quickly turns into a drag. Bajaj Finserv says it straight: stop adding debt before you talk about clearing it. Spend less than you earn. Stick to a timeline for becoming debt-free. Control emotions, control spending One reason people fail to save is emotional spending . Stress, envy, boredom — all push us to spend money we do not need to. The fix? Recognise this pattern, pause before buying, ask if you really need it. Finally, Bajaj Finserv reminds everyone to set clear goals. Without a goal, there is no map. With no map, money drifts. Clear goals help people stay focused, whether it is buying a house or retiring without burdening family. None of this is complex. But it demands discipline. Avoid spending for instant joy. Ignore trends if you do not understand them. Insure what matters. Let savings and investments grow. Both Shah and Bajaj Finserv agree. Money mistakes creep in quietly. Good habits keep them out. The choice is yours.
