After a prolonged delay of 11 years, the Udangudi power project is finally set to take off. As per reports, the project worth Rs 1,000 crore, funded by the Rural Electrification Corporation (REC), will be executed by Bharat Heavy Electricals Limited (BHEL) in 42 months.
Reportedly, REC has agreed to support the project, with a financial assistance of Rs 104.53 billion to set up the 1,320-MW Udangudi Stage-1 power project. The 2 x 660 MW coal-based supercritical thermal power project is set to come up in Thoothukudi district of southern Tamil Nadu.
BHEL has won an engineering, procurement, and construction (EPC) contract worth Rs 73 billion in an international competition bidding for installing Supercritical Thermal Power Project.
The project is expected to bring in tremendous industrial growth in Thoothukudi since investors accorded priority to the availability of electricity and water.