Govt planning Rs 7,000 crore underground hydel project

The Tamil Nadu government on Thursday said the Japanese government had come forward to fund the upcoming power sector infrastructure in the state to the tune of Rs 7,000 crore. These will be taken up by the subsidiaries of the ailing Tamil Nadu State Electricity Board (TNEB).
Apart from this major development, the state announced its intent to invest up to Rs 7,000 crore in developing a new hydro-electric project in the state.