September 06, 2008

NLC Tuticorin power plant approved

India’s Union Cabinet has given its approval for Neyveli Lignite Corporation’s 2X500 MW coal based thermal power project at Tuticorin in Joint Venture with Tamil Nadu Electricity Board, at an estimated cost of INR 4909.54 crore on April, 2007 Price Leves.

The Cabinet also approved the formation of the Joint Venture Company of NLC with TNEB by the name of NLC-Tamil Nadu Power Limited as per the Memorandum of Articles and Articles of Association for setting up of a 1000 MW coal based Thermal Power Project named Tuticorin Thermal Power Project at Tuticorin, Tamil Nadu with share holding of 89% of the equity capital by LNC and 11% by TNEB.

The power generated from TUTICORIN Power Project (2x500 MW) units would cater to the demand of the States in the Southern Region.