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.
80% of the civil infrastructure requirement for the plant is complete with over 5400 skilled Manpower working at site. The key milestone activity of Boiler Drum lifting for Unit 1 was achieved on 4th July 2011 and Unit 2 on 12th October 2011.”
About 85% of Boiler, Turbine & Generator (BTG) equipment has reached the site from Harbin Electric International Ltd, China. The Balance of Plant (BOP) equipment has been contracted with ‘AAA’ companies such as ABB, Thyssenkrupp, ITT, Aquatech etc. 400 Kv transmission corridor has been provided by PGCIL. About Rs4000 Crore has been already spent on the Project. The state of Tamil Nadu faces acute Power Shortage of between 4000 – 5000 MW and the Honorable Chief Minister’s vision is to make Tamil Nadu the No. 1 state in the country for which ample power is required. “In this context we would like to offer maximum power to TANGENDCO (TNEB) as also to several Industries, Commercial establishments, which are operating and planning to set up in TN. We can also offer Power to neighboring States. We want to assure our beloved State and Stake Holders that we are deeply committed to doing our best to provide ample Power to TN," concluded Mr Buhari.
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