Date:21/05/2008 URL: http://www.thehindu.com/2008/05/21/stories/2008052156790500.htm
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Tamil Nadu - Chennai

REC to finance debt requirement of Tuticorin power project

Special Correspondent

CHENNAI: The Rural Electrification Corporation (REC) on Tuesday agreed to finance the entire debt requirement of the 1,600-MW, super-critical thermal power project being established by the Tamil Nadu Electricity Board and BHEL at Udangudi in Tuticorin. To be implemented during the Eleventh Plan, the Rs. 8,500-crore project would get carbon credit under the clean development mechanism, besides the mega power project status.

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