The directors and senior officials of TANGEDCO and TANTRANSCO have stated that the huge amount will ensure timely implementation of these projects, the statement said.
Tamil Nadu will become the 21st state to join UDAY scheme meant for revival of debt stressed discoms on Monday, paving the way for covering almost 90 percent of total utilities' debt of around Rs 4 lakh crore.
This tender has received limited interest and that too predominantly from smaller developers who have submitted 20 bids totaling just 116 MW. This tender follows an allocation of approximately 1,200 MW in early 2015 where a fixed tariff of INR 7.01/kWh (USD 0.10/kWh) was offered to developers, Bridge to India said.
"The total lump sum price of the contract is Rs 2,600.02 crore... The contract completion period is 36 months," it added.
The company has received a letter of intent from Tamil Nadu Generation and Distribution Corporation (TANGEDCO) worth of Rs 2600.02 crore.
BHEL shares surged 5.4 percent intraday Wednesday, in addition to 3.3 percent rally in previous session after CLSA upgraded the stock to buy from sell on improved EPS visibility on the legal victory by its client Tamil Nadu Generation and Distribution Corporation (TANGEDCO) in Ennore project.
RP Sanjiv Goenka Group flagship CESC Ltd has secured a term loan of Rs 712 crore from four banks towards meeting capital expenditure and retiring long term debt
"With the adding of this fourth renewable power plant, the Group has reinforced its thrust on energy diversification and expects the total renewable capacity to touch 113 MW by the end of this fiscal year," the company said in a press release
In a presentation to a Parliamentary Consultative Committee attached to the Ministry of Coal, headed by Coal and Power Minister Piyush Goyal, Acharya said the company plans to go for coal mining and coal-based power generation in a big way, an official statement said.
Tuticorin TPS has been set up by NLC Tamil Nadu Power Limited (NTPL), a joint venture of Neyveli Lignite Corporation (NLC) and Tamil Nadu Generation and Distribution Corporation (TANGEDCO).
Business conglomerate Adani Group has proposed to set up a solar park in Tamil Nadu tipped to be among the world's largest at an outlay of Rs 4,536 crore.
The proposal includes swapping agreements for power projects of companies including Adani Power, Indiabulls Power and NTPC, among others.
The order is for setting up a 2x660 MW coal-fired thermal power project at Ennore Special Economic Zone in Tamil Nadu. For this tender, BHEL partnered with Power Finance Corporation by syndicating the financing package in the current competitive environment.
Valued at around Rs 7,800 crore, it is an EPC contract (Engineering, Procurement and Construction) from Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO), Bhel said in a statement.
"The company has become the successful bidder of the prestigious EPC Contract for establishing 1 x 660 MW Super Critical Ennore Thermal Power Station Expansion Project by TANGEDCO," it said in a statement.
Ashoka Buildcon received Rs 596.28 crore order from Tamil Nadu Generation and Distribution Company (TANGEDCO).
Tamil Nadu's Solar Energy Policy 2012 unveiled by Chief Minister J. Jayalalithaa Saturday aims at making the southern state a regional solar energy hub...
ICRA has come out with its report on bank loans rating. The research firm has revised rating for bank loans of Tamil Nadu Electricity Board to [ICRA]D.