Economic Affairs Committee approves India's largest hydro-electric project

The Cabinet cleared a Bill for amendments to Companies Act to replace ordinance promulgated in this regard in February

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday cleared decks for the country’s largest hydro-electric project, 2880 Mw Dibang Multipurpose Project (MPP), in Arunachal Pradesh. In addition, various railways projects worth over Rs 6,000 crore – including doubling, tripling and coming up of new lines — were given nod.  The CCEA approved the expenditure on pre-investment activities and various clearances for Dibang Multipurpose Project (MPP) in Arunachal Pradesh for Rs 1,600 crore. The estimated cost of the project is Rs 28,080.35 crore.
 
The Cabinet has also given its approval to construct a third railway line between Prayagraj-Mughalsarai (now