Two power projects are approved for allocation by Arunachal Pradesh

Shares of National Hydroelectric Power Corporation (NHPC) rallied by 6% on July 24 after the Arunachal Pradesh government approved for allotment of the Subansiri Upper HE Project (2000 MW) and Kamala HE Project (1800 MW) to the company.

NHPC had started the Subansiri Hydroelectric Power Corporation (NHPC) construction. The construction project was stalled due to agitations and protests from local stakeholders from December 2011 to October 2019. The construction resumed after receiving clearance from NGT on October 15, 2019.

Both projects were earlier allotted to private power developers.