Published On:August 31 2007
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TN signs pact with Irish co for power plant, coal port
Chennai: The Tamil Nadu Government and the Ireland-based McNamara International Pvt Ltd have entered into an agreement that provides for McNamara International to set up a 2,000-MW power plant and a coal-handling port in Nagapattinam district.
According to an official press release, the agreement was signed in the presence of the Chief Minister, Mr M. Karunanidhi.
McNamara International, an infrastructure company, will set up the coal-based merchant power plant at a cost of Rs 10,000 crore near Thirukuvalai. To handle the imported coal, the company will also set up a Rs 750-crore port facility at a place called Vettaikaran Irupu in Nagapattinam, the release said.
The Tamil Nadu Maritime Board has given in principle approval to McNamara International to set up the port facility, which will have facilities to handle 20-40 million tonnes of coal and directly transfer the coal to the power plant.
The project will generate 2,000 jobs directly and 5,000 indirectly, and support industrial development in the area, the release said.