![]() Financial Daily from THE HINDU group of publications Friday, Jan 07, 2005 |
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Industry & Economy
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Water Tirupur industrial water supply project apace Our Bureau
Coimbatore , Jan. 6 The special purpose water infrastructure company in Tirupur, New Tirupur Area Development Corporation Ltd (NTADCL), has initiated the process of assessing the quantum of water required by the wet-processing units. The process will also involve water offtake agreement with the individual dyeing/printing/bleaching units that had committed to draw water. The process to be gone through by this month-end would reveal the actual quantum of water needed by the user industries figured in the original list of units that had sought the water supply from the Rs 1,000-crore private project promoted for the Tirupur textile exporting zone. "We'll first assess the needs of the 600-odd processing industries in Tirupur which originally had committed to buy water from the special infrastructure project and only after meeting their needs, we can consider whether we can include other industrial consumers aspiring to avail themselves of the water supplied by the NTADCL project," said Mr Samir Vyas, Managing Director of the NTADCL. Talking to presspersons here, he also indicated that, to start with, the water tariff for the industrial consumers would remain pegged at Rs 45 per 1,000 litres and the tariff mode would be a three-month water deposit with one year value of consumption as bank guarantee to be provided by the user-industries. According to Mr Vyas, the water works execution are proceeding as planned and he hoped that the commercial commissioning of the project would be met as originally scheduled by April end this year or even ahead of schedule. "There would not be any project cost escalation either, and we will complete it below the estimated Rs 1,023 crore," he added. As of now, the civil/mechanical works (barring a few electrical works) having been completed.
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