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Ultra -mega power project in Tamil Nadu

Written by: Staff
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New Delhi, Sept 12 (UNI) The government is currently considering setting up an ultra-mega power project in Tamil Nadu and the action on this project will be initiated shortly, official sources said.

The setting up of the ultra-mega project is in response to the state government to setting up the project in the state to bridge its growing demands.

Meanwhile the two ultra-mega power projects, out of the five, of 5,000 MW each are being readied by the end of the year with the Power Finance Corporation (PFC) inducting state representatives to help resolve implementation issues.

PFC has reconstituted the Boards of Sasan and Mundra Ultra Mega Companies who will expedite issues with purchasers including signing of Power Purchase Agreements which has already been finalised through a broad-based consultation involving bidders, purchasers, regulatory commssion and the central government.

Addressing media after the kick-off of the reconstituted boards, Additional Secretary in the Power Ministry Ajay Shankar and Chairman of these companies Shyam Wadehra said that this is only a beginning of the process of broad-basing shell companies for other ultra mega power projects including Krishnapatnam in Andhra, IB Valley in Orissa and Girye in Maharashtra.

The other three mega projects are also progressing and would be awarded before mid-2007.

Mr Shankar said that the government has received a recquest for establishment of a similar ultra mega project in Tamil Nadu and the request is currently being looked into by the Central Electricity Authority (CEA) for identifying suitable sites. Action wil be initiated on this project shortly, he said.

UNI/RT SRS VV1710

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