Government revises cost estimates of Tripura power project
27 Jan 2011
The government today approved revised cost estimate of the 100 MW gas-based power project in Tripura to Rs623.44 crore.
The cabinet committee on economic affairs has approved the revision of the cost estimate of the 100 MW project, in Monarchak, West Tripura, being implemented by North Eastern Electric Power Corporation Limited (NEEPCO), to Rs623.44 crore, by adding the interest amount of Rs51.09 crore during construction at November 2009 price level.
The project is scheduled to be commissioned in 36 months from July 2010.
The project will have a debt-equity ratio of 70:30. While the equity portion will be met through NEEPCO's internal resources, the debt portion will be arranged through commercial borrowings.
The power generated from the project will be supplied to Tripura.
The project, besides providing 100 MW power to the state, will create direct and indirect employment to the local population.
Being a combined cycle plant using natural gas, the project will be highly efficient and also environmentally compatible, with negligible emission.
The project will improve the hydro-thermal mix in the NER and the country, an official release said.
