Guwahati: The National Thermal Power Corporation (NTPC) has signed an agreement with the Mizoram government for execution of 460 mega watt Kolodyne Stage II Hydro Electric Project on the Kolodyne river in Sahia and Lawngtlai districts of Mizoram.
Union Minister of State for Power and Commerce Jairam Ramesh told The Hindu at least Rs. 3,000 crore would be invested for this power project targeted to be commissioned within six to seven years. It will be the NTPC’s first hydro power project in the northeast and the second in the country after the 800 mega watt Koldam hydel power project in Himachal Pradesh.
The NTPC is currently building the 750 mega watt Salakati thermal power project in lower Assam. The NTPC shall execute the project on Build, Own, Operate and Maintain basis. Project construction activities will start within six months.
In accordance with the agreement, NTPC shall supply 13 per cent free power from the project to Mizoram. The corporation has also agreed to supply 15 per cent power at the tariff, to be determined by the Central Electricity Regulatory Commission, over and above the normal share of Mizoram as per the existing power-sharing formula, subject to the concurrence of the Power Ministry.
Energy corresponding to 100 units of electricity is to be provided free of cost to the families affected by the project, notified by the Mizoram government in the designated resettled areas and project area for ten years from the date of commissioning.
The cost of balanced unused electricity, if any, will made available to the families in cash or kind or both.
The agreement states that hundred per cent recruitment for workmen will be done first from among the affected families and in case of non-availability of suitable candidates among them, the recruitment will be done from other residents of Mizoram.