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Hyderabad, July 12

Hyderabad-based Madhucon has won a Rs 989.5-crore contract through international competitive bidding for setting up a thermal power plant in Nellore district. The 2x135 MW plant is part of the proposed 620-MW plant being set up by Simhapuri Energy Pvt Ltd at Tamminapatnam and Mommidi villages. The energy company had already been allotted land and achieved financial closure. It also obtained environmental clearance from the Union Ministry of Environment. “It is going to be the first power utility to start construction in the Krishnapatnam area. It is expected to commence generation by 2010,” a Madhucon press release said.

— Our Bureau

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