The Hyderabad-based Athena Power will develop the 450-MW Kynshi Stage One Project, while Jai Prakash Power Ventures Ltd will execute the 450 MW Kynshi Stage Two project — both over Kynshi river in West Khasi Hills district.
The projects, along with three others, were kept in suspension for two years after several protests from organisations.
The protesting groups had alleged that the Government had violated the State’s power policy by not going for international competitive bidding to optimise benefits. The State Power Minister, Mr Mukul Sangma, said an estimated investment of about Rs 7,000 crore would be required for the two projects and the MoU with the companies would be signed soon.