Tamil Nadu will become a surplus State by 2011-2012: Veeraswami
CHENNAI: Udangudi Power Corporation, a special purpose vehicle (SPV) floated by the Tamil Nadu Electricity Board (TNEB) and Bharat Heavy Electricals Limited (BHEL) to implement the 1,600-megawatt thermal power project at Udangudi near Tiruchendur, has come into being.
Three representatives each from the TNEB and the BHEL have been nominated on the Board of Directors of the entity. The TNEB chairman is the ex-officio chairman of the corporation.
N. Sasikumar, former executive director (projects) of the Board, has been appointed president and chief executive officer of the SPV. His appointment was cleared at the inaugural meeting of the Board of Directors of the corporation about 10 days ago.
A public hearing for the project is scheduled to be held at Tiruchendur on February 7. Three days prior to it, Electricity Minister N. Veeraswami will formally launch the work on the Rs.8,500-crore project. Jairam Ramesh, Union Minister of State for Power, is likely to attend the function, official sources say.
The corporation has initiated the process for obtaining clearances for the project. Officials are hopeful of securing all of them in the course of this year.
While the TNEB and the BHEL will contribute 26 per cent each, the remaining portion is likely to be raised through financial institutions, the sources add.
Mr. Veeraswami, inaugurating the second phase of the work on the additional unit of 600 MW at the North Chennai Thermal Power Station at Athipattu near here, referred to the signing of memoranda of understanding between the TNEB and the BHEL for the Udangudi project. Another unit of 600 MW is being set up at the station.
Giving an account of ongoing power projects in the State, the Minister expressed the hope that Tamil Nadu would turn a surplus State by 2011-2012. After the present government took over in May 2006, the projects of about 8,000 MW were taken up, Mr. Veeraswami said.
Against the national average of electricity consumption of 631 units, the State’s figure was 1,000 units, he added.