Spic Electric to restart Rs 2,300-cr power project
Spic Electric Power Corporation (SEPC), a subsidiary of Tamilnadu Petroproducts Ltd (TPL), has decided to revive its 523-Mw thermal power plant at Tuticorin, shelved 11 years earlier.
The Rs 2,300-crore project was conceived in 1995 but put on hold in 2001 due to a land dispute. In its annual report, SEPC said the V O Chidambaranar Port Trust (formerly Tuticorin Port Trust) has agreed to give alternative land to start work on the project. SEPC had already got environmental clearance, the company said in its annual report. It had,it said, held a fruitful discussion with the Port Trust officials and sought permission for various facilities.