• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai March 21 The Tamil Nadu Government and the Ireland-based McNamara International Pvt Ltd have entered into an agreement that provides for McNamara International to set up a 2,000-MW power plant and a coal-handling port in Nagapattinam district.

According to an official press release, the agreement was signed in the presence of the Chief Minister, Mr M. Karunanidhi.

McNamara International, an infrastructure company, will set up the coal-based merchant power plant at a cost of Rs 10,000 crore near Thirukuvalai. To handle the imported coal, the company will also set up a Rs 750-crore port facility at a place called Vettaikaran Irupu in Nagapattinam, the release said.

The Tamil Nadu Maritime Board has given in principle approval to McNamara International to set up the port facility, which will have facilities to handle 20-40 million tonnes of coal and directly transfer the coal to the power plant.

The project will generate 2,000 jobs directly and 5,000 indirectly, and support industrial development in the area, the release said.

More Stories on : Power | Shipping | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
SAIL forays into cement manufacturing

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line