Business Daily from THE HINDU group of publications
Thursday, Jan 25, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Jan 25, 2007 ePaper |
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Industry & Economy
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Power States - Kerala KSEB signs pact to buy power from local body Our Bureau
Meenvallam small hydel project, with an installed capacity of three megawatts, is the first of its kind being promoted by a local body in the State. The total cost of the project is estimated at Rs 10.86 crore. The National Bank for Agriculture and Rural Development (Nabard) will extend a loan of Rs 8 crore towards the cost, while the three-tier panchayats in Palakkad district will mobilise the balance amount as capital. The power to be generated from the project will be purchased by KSEB at Rs 2.50 per unit in the first years and at Rs 2.12 per unit during the subsequent 20 years. The approach road to the project site has already been completed. The transmission lines to evacuate power from the generation plant have also been put in place. The project itself is slated to be commissioned within 18 months, according to an official statement. The implementation of the project is entrusted with Small Hydro Company formed by the Palakkad district panchayat. The State-owned Steel Industrials Kerala Ltd (SILK) will execute the work on a turnkey basis.
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