SPR Infra to set up power plant in TN

SPR Infrastructure India Limited is planning to set up a 2,640 Megawatt power plant in Tamil Nadu. The project will involve an investment of Rs 13,200-15,840 crore and will come up in Tuticorin district on the East Coast.

SPR Infrastructure is part of the Hyderabad-based diversified business entity SPR Group, which has interest in power, mining, roads, steel and ferro alloys.

According to the Ministry of Environment & Forests (MoEF) sources, the company has submitted a proposal seeking ministry’s clearance for setting up the power plant in Tamil Nadu. The project will be set up in two phases.

The company has zeroed in on Savarimangalam village in Tuticorin district for the proposed project. Both the phases will have 2X660 Mw units each.

Industry sources said Rs 5-6 crore per mega watt (Mw) was the thumb rule for setting up a thermal power plant. Going by this calculation, the project would require an investment of around Rs 13,200 crore to Rs 15,840 crore.

The company is in the process of setting up a similar size power plant (4x660 Mw) in Gujarat at Okha Special Industrial Region. The project, a supercritical thermal power plant, is estimated to cost around Rs 16,000 crore.

The other major project of the group is coming up in Orissa. The 2x660 Mw thermal power project in Ganjam district will be 40 per cent imported coal and 60 per cent indigenous coal and will be also be a supercritical thermal plant.

The estimated cost of the project is Rs 7,500 crore, according to the company’s website.