With the conventional energy projects unable to address the power crisis, 2012 saw the emergence of renewable energy in a big way. The state government announced a new solar policy with a target to set up 3,000 Mw of solar power in three years.
Severe power shortage made chief minister J Jayalalithaa write several letters to the Prime Minister seeking Centre's support to address the issue and also for speedy clearance of projects.
Chettinad Power is setting up a Rs 8,500-cr super critical thermal power plant in Nagapattinam district of Tamil Nadu
BSE-listed Chettinad Cement is planning to invest around Rs 1,300 crore by way of equity in its associate company Chettinad Power Corporation, which in turn would use the fund to set up a Rs 8,500-crore super critical thermal power plant in Tamil Nadu. In a communication to the shareholders, the company said it had received a proposal from Chettinad Power Corporation Private Ltd seeking investment in its equity share capital for a supercritical thermal power project of 1320 Mw (660 Mw x 2) at Tharangambadi Village in Nagapattinam district.
The Tamil Nadu Planning Commission has achieved an outlay of Rs 85,344 crore during the 11th Five-Year Plan that ended on March 31, 2012, an increase of 113 per cent over the outlay for the 10th Plan.
The Plan incorporated the objective of achieving over 2007-2012, an average annual growth rate (AAGR) of nine per cent in the state’s economy. The expenditure exceeded the approved outlay during every year of the 11th Plan period, the commission said.
