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Coastal Energen commences commercial operations of 600-MW thermal power project in TN

Coastal Energen Pvt. Ltd, the power generating flagship company of the $ 550-million (Rs 2,400 crore) Dubai-based coal and oil group, has started its commercial operations in Tamil Nadu with the first unit of its 600-MW thermal power project, sources said.

The company, which is setting up a 1,200-MW power project in Tuticorin, would commission the other 600-MW unit in the second half of 2015, a senior official of Coastal Energen said.

It may be recalled that the foundation stone for the Rs 7,600-crore Mutiara thermal power project had been laid in December 2009 in Tuticorin district.

Coastal Energen has entered into a 15-year agreement with the public sector Tamil Nadu Generation and Distribution Corporation to supply power at a levellised tariff of Rs 4.91 a unit, it is learnt.

Source: Exim News Service: Chennai, Dec. 28

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