Polavaram Gets First Fund from NABARD

As a part of the assistance to Polavaram Project, Center had released 1981.54 Crore through NABARD. An official intimation about that reached the State government. The allotment letter will be given to the state government on 26th of this month in Delhi. Union Water Resources Minister, Uma Bharathi herself wrote a letter to Chief Minister, Chandrababu Naidu.

[m9ad]

She asked Naidu to come to Delhi that day and take the letter. This is the first installment of the mega-funding to the project which is recognized as the National Project under Andhra Pradesh Reorganization Act. Polavaram Multi-Purpose Irrigation Project comes with a total capacity of 194 TMC which will irrigate about Five Lakh Acres over Two Crops Every year.

The Project will also generate 960MW of Hydel Power which is the cheapest available power in the market right now. Hence the project is said to be very beneficial for the state and is treated as the ‘Life Line’. The project will cost 32339.29 Crore according to the estimates of 2015-16.