BEWARE OF FAKE INSTITUTES WITH SIMILAR NAMES. blank    blank

North Eastern Region Power System Improvement Project

  Jan 11, 2021

North Eastern Region Power System Improvement Project

Q. Why is this in news?

The Cabinet Committee on Economic Affairs has approved the Revised Cost Estimate (RCE) of Rs. 6,700 crore for the North Eastern Region Power System Improvement Project (NERPSIP).

Q. What is North Eastern Region Power System Improvement Project? 

The Scheme was initially approved in December 2014 as a Central Sector Scheme of the Ministry of Power.
Q. What is funding mechanism for it? 

The assistance of the World Bank fund and by the Government of India through the Budget support of the Ministry of Power on 50:50 basis except for the capacity building component for Rs. 89 crore, which will be entirely funded by the Government of India.

Q. What is implementing body for it?  

The scheme is being implemented through Power Grid Corporation of India Limited (POWERGRID) in association with six beneficiary North Eastern States namely, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura and is targeted to be commissioned by December 2021.

Q. What are the objective of Project? 

Q. What are its Significance?