"The power project would be commissioned by 2013 and the surplus power would be supplied to neighbouring northeastern states after meeting the requirement of Mizoram," secretary of the Mizoram power department K. Lal Nghinglova told media.
NTPC will execute the project on build, own, operate and maintain basis. Work will start within six months."Power tariff and the power-sharing formula would be determined by the Central Electricity Regulatory Commission in consultation with the NTPC, union power ministry and the Mizoram government," Nghinglova said.
"It was decided that the electricity generated would be provided to the affected families (people displaced due to construction of the project) free of cost for 10 years from the date of commissioning."
According to the MoU, all the recruitment of the workforce would be done from among the affected families and in case of non-availability of suitable personnel among them, the recruitment would be done from other parts of Mizoram.