TN to build Rs 8,000 cr project on its own

Originally conceived as a JV between BHEL and Tamil Nadu Electricity Board (TNEB), the state government has now proposed to fully fund the Rs 8,000 crore, 1,600 MW, Udangudi power project in Tuticorin. As per the original plan, this super critical 2 x 800 MW thermal power project was to have been funded through debt and equity with both partners holding a 26 per cent stake each, and 48 per cent to be brought in by a financial institution or private partner. But, except for BHEL and TNEB earmarking about Rs 32.5 crore each as project funding, there had been no further progress.Contact: Tamil Nadu Electricity Board.Tel: 044-2852 0132.Website: www.tneb.in