Neyveli Lignite Corporation's Rs. 4,910 crore Tuticorin power project nearing completion.

State-run miner Neyveli Lignite's 1,000 MW thermal power plant at Tuticorin is in advanced stages of completion, a development that will help it achieve over 4,200 MW generation capacity.

'Implementation of a coal-based thermal power project of 1,000 MW capacity at Tuticorin through the subsidiary company NMDC Tamil Nadu Power Ltd., formed in joint venture with TANGEDCO, is in an advanced stage of completion,' Neyveli Lignite Corporation(NLC) Chairman B Surender Mohan said.

The plant, which entailed an investment of Rs. 4,910 crore, could achieve 86 per cent progress by August.

The ignite miner plans to take its installed power generation capacity to 4,240 MW by the end of the current fiscal, on the back of ongoing power projects.

It has an installed capacity of about 3,000 MW at present.

The Centre had earlier approved implementation of coal based 2x500 MW thermal power project at Tuticorin.

ET