Agartala: North East Electric Power Corporation (NEEPCO) plans to add 950 MW to its existing power generation capacity in the northeastern region in the next five years.
NEEPCO Chief Managing Director P C Pankaj said, We are already generating 1130 MW in the region. 70 % houses are powered by NEEPCO. We shall add 950 MW by the next 5 years in the region. If we get new projects, we might give more?, he said.
The NEEPCO, he said, would set up a project in Manipur for which preliminary talks have begun.
Two hydroelectric projects were in the pipeline at Arunachal Pradesh and there were projects in Mizoram as well, he said
The NEEPCO, he said, has invited Expression of Interest (EoI) for joint ventures in Nagaland recently.
Meanwhile, the 104 mw gas based thermal power project at Monarchak in Sipahijala district of Tripura would start generation by July next year, he said.
"The project would start generation by July 2013 and work is progressing properly for making the project operational", he said.
Once the project becomes opertational, NEEPCO would sell power at the rate of Rs 3.14 per unit.
NEEPCO was interested to invest more for power projects in Tripura if gas was available for setting up new power plants, he said.
Pankaj said that he has written to the CMD of ONGC and Gas Authority of India Limited (GAIL) seeking consideration for preference in getting gas allocation if the corporations hit any new gas fields in Tripura.