New Delhi, Jan 27 (ANI): The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved a plan to set up a 100 megawatt gas-based power project in Tripura.
The government has sanctioned Rs. 623.44 crore for the project, which is expected to be commissioned by July 2013.
This includes interest amount of Rs. 51.09 crore during construction at November 2009 price level.
The project will be completed with a debt-equity ratio of 70:30. While the equity portion shall be met through NEEPCO's internal resources, the debt portion shall be arranged through Commercial Borrowings.
The power generated from the project will be supplied to Tripura.
The project would contribute to the economic development of the State by providing 100 MW power and direct and indirect employment to the local population.
Being a combined cycle power station by using natural gas, the plant shall be of high efficiency and also environmentally compatible project, with negligible emission.
This project will mitigate the problem of power shortage in the NER and the consequent need for import of power particularly during the winter seasons.
The project will improve the hydro-thermal mix in the NER and the Country. (ANI)