SRM Energy to sell power plant in Cuddalore

The company has been in the process of developing a 1,980 MW thermal power plant in Cuddalore, Tamil Nadu

Mumbai-based SRM Energy Ltd is planning to sell Cuddalore thermal power plant in Tamil Nadu. The power plant had been transferred to a wholly-owned subsidiary SRM Energy Tamilnadu Pvt Ltd. The parent company is in the process of implementing a 3X660-Mw super critical thermal power plant based on imported coal, in Cuddalore. The company, on its website, had earlier cited in order to proceed at a faster pace with resource mobilisation and implementation, the company had decided to hive off the Cuddalore Power Project to a separate SPV, SRM Energy Tamilnadu Pvt Ltd, subject to ...