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Source: PIB
News: Cabinet Committee on Economic Affairs has approved the Revised Cost Estimate (RCE) for the North Eastern Region Power System Improvement Project (NERPSIP).
Facts:
- NERPSIP Scheme: The Scheme was initially approved in 2014 as a Central Sector Plan Scheme of the Ministry of Power.
- Funding: The scheme is being funded with the assistance of the World Bank fund and by the Government of India through the Budget support of the Ministry of Power on a 50:50 basis.
- Objective: Government’s commitment for the total economic development of the North Eastern Region and to strengthen the Intra-State Transmission & Distribution Infrastructure in the North East Region.
- Implementation: The scheme is being implemented through Power Grid Corporation of India Limited (POWERGRID).
- Beneficiary States: Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura and is targeted to be commissioned by December 2021.
