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TN's Largest IPP to Be Commissioned by 2012-13

  • Coastal Energen Pvt Ltd announced significant progress of its 1200 MW Mutiara Thermal Power Plant in Tuticorin, Tamil Nadu with COD slated within 2012-13. The plant intends to address the severe power shortage in Tamil Nadu.The plant is located at Melamarudur Village, Ottapidaram Taluk in Tuticorin district. It enjoys close proximity to a major city (Tuticorin), lies within 21 km of a major port, and has excellent road, rail and air connectivity. It is also currently the first and only mega project which has commenced out of the 30 which were planned over the past 15 years. The project achieved financial closure during the peak of the global financial crisis in July 2009 with SBI and 16 other banks for Rs3450 crore. It is currently the country's largest Merchant Power Plant.Commenting on the progress of the project, Ahmed A R Buhari, Founder President and CEO, Coal & Oil Group of Companies said, "The construction activities at the site are in full swing.

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