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The Meghalaya government today said it would set up a 240 MW power project in collaboration with the North Eastern Power Corporation Ltd (NEEPCO) along the inter-state border with Assam.
"I have held discussions with the NEEPCO chairman for developing a 240 MW power project on joint venture with MeECL, a state power corporation. It will be the first of its kind venture between the state government and Centre," Chief Minister Mukul Sangma said.
He said the project is expected to come up along the Assam-Meghalaya border in Karbi Anglong district.
The project would benefit the power-starved state as it would get a major share from the joint venture project.
The state electricity Regulatory Commission has approved the purchase of 2222 million units of power for the year 2013-14 both from state-owned Meghalaya Power Generation Corporation Ltd and from outside sources.
Meghalaya, with its liberalised industrial policy has triggered an unprecedented load growth in the industrial sector coupled with identical growth in other sectors is unable to cater to its power requirement besides generating 185.2 MW and receiving another 100 MW from central shares.
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