Energy,Energy sector projects by The Coal And Oil Group in Tuticorin
Project Information
5465
The Coal And Oil Group
The Dubai-Based Coal & Oil (C&O) Group, Which Is Setting Up A 1200 MW Independent Power Plant In Tamil Nadu, Has Secured Rs 1,600-Crore Additional Funding For The Project.
The Rs 6,800-Crore Mutiara Thermal Power Plant In Tuticorin, Being Set Up By Coastal Energen Pvt Ltd, The Power Generation Company Of The Coal & Oil Group, Is One Of The Largest Private Sector Investments In The Region
The Power Plant Has Obtained Rs 5,200 Crore Funding From A Consortium Of Banks Led By State Bank Of India. This Latest Sanction Will Contribute To Last Mile Funding And Address Cost Escalation Due To Rupee Devaluation, Among Other Things. The Power Plant Is Slated For Completion By June 2014.
Project Value
INR 6800 Crore /-
Under Implementation
Tuticorin
Tamil Nadu
India
Energy,Energy
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