Tamil Nadu gets 1,000 MW power plant

Friday, 25 April 2008, 05:17 Hrs
Printer Print Email Email
New Delhi: The cabient Thursday approved setting up a 1,000 MW coal-based thermal power plant at Tuticorin in Tamil Nadu, which will meet the rising demand of the southern region.

The plant would be set up by NLC Tamil Nadu Power Limited, a joint venture of the Neyveli Lignite Corporation (NLC) and the Tamil Nadu Eelectricity Board (TNEB).

Information and Broadcasting Minister P.R. Dasmunsi said the new plant would be set up at an estimated cost of 49.09 billion on April 2007 price level (PL) with interest during construction (IDC) of 5.97 billion and foreign exchange (FE) component of 7.16 billion (equivalent to $169.884 millions).

He said that approval for the formation of the joint venture firm was granted as per the memorandum of articles (MoA) and articles of association (AoA) with shareholding of 89 percent of the equity capital by NLC and 11 percent by the TNEB.

"The power generated from the project will cater to the demand of the states in the southern region," Dasmunsi said.
Source: IANS
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..