TNERC approves Cuddalore thermal project

Chennai: The 1,320-MW Cuddalore thermal power project received the Tamil Nadu Electricity Regulatory Commission’s(TNERC) clearance, according to an official press release.

The Cuddalore Power Corporation, part of the BGR Group, which is to set up the Rs 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 Rs 6,004 crore – Rs 4.55 crore an MW. This compares favourably with the recently commissioned projects of the National Thermal Power Corporation at Barh, SIPAT and North Karanpura ranging between Rs 4.55 crore and Rs 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.