Pu Lal Thanzara, Parliamentary Secretary to Chief Minister, yesterday invited media-persons of the state to his office over tea to apprise them about the Central government’s recent approval for the 210 MW Tuivai Hydro Electric Project in the state.
Pu Lal Thanzara informed the press about the long journey undertaken to make the Project a reality and the relentless efforts put in by officials of the state Power & Electricity Department. He acknowledged the untiring support of the Chief Minister in getting the Project approved by the Central government. He further said that the hydroelectric project will be the first power generation project in the country to be built in the Public Private Partnership (PPP) mode where the funds will be met via Viability Gap Funding (VGF) and the first infrastructure project in the entire North East to be funded via VGF.
The 47th meeting of the Empowered Institutions of the Ministry of Finance had approved the Tuivai Hydro Electric Project according ‘in principle approval’ for availing VGF on July 23, 2013. The estimated cost of the project is Rs. 1750.60 crores and will be constructed near Ngopa in Champhai District. Seven companies have already been shortlisted when applications for Requests for Proposals had been invited in September 2011.