The Tamil Nadu Electricity Board (TNEB) has decided to break its ties with public-sector company Bharat Heavy Electricals Ltd (BHEL) for implement the Rs 8,000 crore Udangudi Power Project in Tamil Nadu. The state government alleged that the project was delayed for four years and one of the main reasons was BHEL.
In a statement Tamil Nadu Chief Minister J Jayalalithaa said that the project has been delaying since the Union Environment Ministry was not giving its nod stating that long term coal linkage is not available for the project and the other reason is BHEL was not cooperating, expect that it allocated its share of Rs 32.5 crore towards its stake in the project.
more at:
http://www.business-standard.com/india/news/bhels-pact-for-rs-8000-cr-power-project-falls-through/466157/
Tuesday, February 28, 2012
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