1000 MW coal based thermal power project at Tutiticorin
The Union Cabinet today gave 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 Rs.4909.54 crore on April, 2007 Price Level (PL) with Interest During Construction (IDC) of Rs.597.33 crore and Foreign Exchange (FE) component of Rs.716.06 crore (equivalent to US $ 169.884 millions).
The Cabinet also approved the formation of the Joint Venture Company of NLC with TNEB by the name of “NLC-Tamil Nadu Power LTd.” as per the Memorandum of Articles (MoA) and Articles of Association (AoA) 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 (2×500 MW) units would cater to the demand of the States in the Southern Region.
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