The construction of the 210 MW Tuivai Hydro Electric Project in Mizoram would take off soon with the Centre giving a nod for the Rs 1,750.6 crore project.
The fund would be provided under the Viability Gap Funding and would be taken up in the Public Private Partnership mode, Parliamentary Secretary for Power and Electricity Lal Thanzara said today.
Lal Thanzara told reporters that the hydro electric project was approved on July 23 by the Union Finance Ministry's Empowered Institution.
Mizoram was the first state to avail funding under the VGF and the first northeastern state to take up a mega project in PPP mode.
The Tuivai dam would submerge 1,600 hectare, but not residential areas, Power department engineer-in-chief C L Thangliana said.