Tuesday, February 8, 2011

Cabinet panel nod to Tripura project estimate

NEW DELHI, Jan 27 – The Cabinet Committee on Economic Affairs (CCEA) on Thursday sanctioned revised cost estimate of 100 MW Tripura Gas-based power project amounting to Rs 623.44 crore.

The Project being executed by North Eastern Electric Power Corporation Limited (NEEPCO) is located at Monarchak, West Tripura. The revised cost includes interest amount of Rs. 51.09 crore during construction. The project is scheduled to be commissioned in 36 months from July, 2010.

The project would 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 would be arranged through commercial borrowings, said official sources.

The power generated from the project will be supplied to Tripura. The project being acombined 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 NE region and the consequent need for import of power, particularly during the winter seasons. The project will improve the hydro-thermal mix in the NER, said sources.

Source: The Assam Tribune Online

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