State-owned SJVN Ltd has released land compensation of Rs 269.97 crore for the 3,097 MW Etalin Hydro Power Project in Dibang Valley, Arunachal Pradesh.
The project aims to construct two dams and an underground powerhouse complex, with a targeted commissioning date of December 2033.
The land compensation amount was deposited in the joint account and was part of a Memorandum of Agreement signed between SJVN and Arunachal Pradesh government.
The project, along with four other hydro projects, will have a total capacity of 5,097 MW and a combined investment of approximately Rs 60,000 crore.