Dams · DRP News Bulletin

DRP News Bulletin 11 May 2020: Jindal accepts Etalin HEP is unviable!

This must be the defining (and predictable, this was the lead story in our DRP NB of April 27, 2020, see: https://sandrp.in/2020/04/27/drp-nb-27-april-2020-for-whom-is-this-unviable-etalin-project-being-pushed/) moment in the campaign to save the Dibang Valley now from the proposed 3097 MW Etalin Hydropower Project. The CEO of Jindal Power Ltd has said in so many words that project is NOT an attractive investment, they will struggle to find buyers for the costly power and only support from government can help make the project viable. The CEO seemed to suggest that they would be happy to sell the project to NHPC or form a joint venture with NHPC to get the govt funding for the project. Again completely on predictable line. The question then is why should government spend previous public money on such an unviable project?

So the question remains the same, the one we asked on April 27, 2020: For whom is this unviable Etalin Project being pushed?

Continue reading “DRP News Bulletin 11 May 2020: Jindal accepts Etalin HEP is unviable!”