Itanagar, Jan 11: The Arunachal Pradesh government has decided to hand over five stalled hydropower projects to central PSUs with a target to produce 2,820 MW electricity and generate annual revenue of Rs. 500 crore.

The state Cabinet on Tuesday decided to hand over the Naying hydropower project (1,000 MW) and Hirong project (500 MW) to the North Eastern Electric Power Corporation (NEEPCO).

The state government had earlier signed agreements with private power developers for implementing the projects but the contracts were terminated following long delays in execution of the same.

During the cabinet meeting, it was also decided to hand over the Emini hydro project (500 MW), Amulin (420 MW), and Minundon project (400 MW) to the Satluj Jal Vidyut Nigam Limited (SJVNL), a central PSU for execution.

These projects will see an investment of Rs 40,000 crore in the next 5 -7 years and would generate green power of 2,820 MW and provide revenue of around Rs 500 crore per year in free power and around Rs 100 crore for Local Area Development.

The Cabinet approved the indicative procedure for transferring the stalled hydropower projects from the independent power producers to CPSUs in order to unlock the potential, the state government said in a statement.