Key Points
India approved its largest ever hydropower project in the mountainous northeastern region bordering China as the country seeks to build renewable generation to meet rising power demand...
The government approved the estimated investment of 319 billion rupees ($3.9 billion) for the 2,880-megawatt Dibang project in Arunachal Pradesh, state-run hydropower producer NHPC Ltd. said Monday..
However, the large-scale environmental damage and dislocation of communities to construct dams has hampered those plans, with local protests delaying projects and adding to construction costs...
The approved investment includes 67.2 billion rupees of government support for flood moderation and enabling infrastructure, such as roads and bridges connecting the construction site...
The Himalayan region is such a disaster-prone area and every such project is going to act as a force-multiplier for potential disasters, Thakkar said.. (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)..
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