Comments
The Rural Electrification Corporation has signed a loan agreement with the Tamil Nadu Generation and Distribution Corporation (TANGEDCO).
An REC statement said that this is for setting up TANGEDCO’s Udangudi Stage-I, 2x660 MW coal-based Supercritical Thermal Power Project in Tuticorin, Tamil Nadu.
Project cost
The statement said this ₹10,453-crore loan will improve the power infrastructure of the State utilities and their financial and operational performance.
The total project cost of the Udangudi Thermal Power Project – Stage I (2x 660 MW) including coal jetty was initially estimated at ₹ 9,865 crore.
Contract awarded
According to TN officials a ₹7,300-crore contract has been awarded to BHEL for the power plant. Work on land preparation has started and the contract duration is 36 months.
The tenders have been finalised and the contractor will be announced soon. The project was expected to be commissioned in 2019-20.
The Environmental Clearance (EC) for the originally envisaged capacity of 2x800 MW was issued by the Ministry of Environment and Forest in October 2013, according to a TANGEDCO statement.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.