NLC is likely to take over two thermal units with a total capacity of 1200MW belonging to the Centre-managed IL&FS Tamil Nadu Power Company Limited situated in Cuddalore district. The bail-out comes in the wake of IL&FS facing a financial crisis.
Meanwhile, Tamil Nadu power minister P Thangamani, energy secretary Md. Nasimuddin and Tangedco chairman Vikram Kapur called on coal minister Piyush Goyal and energy minister R K Singh in New Delhi on Thursday and raised the issue of NLC taking over the two units. The amendment to the Electricity Act under which all power consumers, including agri farmers, will have to have meters is also said to have figured in the discussions.
The two IL & FC units, commissioned in September 2015 and April 2016, are situated in Cuddalore district where the NLC is also located. Hence, the NLC management’s keenness to take over the units and to set up more units in the same location. Read More
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