September 08, 2008

TN power panel okays 1,320 MW Cuddalore thermal project

BL reported that the 1,320 MW Cuddalore thermal power project has received Tamil Nadu Electricity Regulatory Commission’s clearance.

The Cuddalore Power Corporation, part of the BGR Group, which is to set up the INR 6,000 crore project, envisages establishment of a power plant, exclusive coal jetty to handle imported coal and a captive desalination plant. The project, spread over 1,000 acres is to come up at Thyagavalli and Kudikadu villages in Cuddalore district.

The commission has approved a capital cost of INR 6,004 crore at INR 4.55 crore an MW. This compares favorably with the recently commissioned projects of the National Thermal Power Corporation at Barh, SIPAT and North Karanpura ranging between INR 4.55 crore and INR 4.71 crore a MW.

The project is to be executed in 5 years and the commission has directed the company to achieve financial closure within 12 months.