REC sanctoned loan of Rs 3,796 cr to NTPC

NTPC Tamil Nadu Power Company will receive a term loan of Rs 3,796 cr from Rural Electrification Corporation (REC) for a mega power project in the state.
The project will be commissioned in the Eleventh plan and is likely to add 1,000 MW thermal generation capacity to the state. Memorandum of Understanding (MoU) to this effect confirming REC commitment to the project was signed recently in Chennai.
REC has signed an MoU with Tamil Nadu Electricity Board (TNEB) to provide project finance support of the order of Rs 16,000 crore for the TNEB’s proposed 3,000 MW generation capacity addition and related transmission and distribution network development schemes to be implemented during the Eleventh plan period.
The project, coming up at Kuruvimedu village in Ennore near Chennai, when commissioned will be the first 500 MW thermal unit in the state and is expected to be commissioned in 2010-11, the Ministry of Power said. The project, coming up at Kuruvimedu village in Ennore near Chennai, when commissioned will be the first 500 MW thermal unit in the state and is expected to be commissioned in 2010-11, the Ministry of Power said.
The entire work of the plant is awarded to Bharat Heavy Electricals (BHEL), the Ministry added.

1 comments:

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