‘Udangudi power project could cause financial stress’
The Hindu
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The Climate Risk Horizons (CRH) report “White elephants — new coal investments threaten Tamil Nadu’s financial recovery” has highlighted that going ahead with the Udangudi power project could cause “financial stress” for the State government.
The report brings out the State government’s over-dependence on thermal power plants even while being a leader in wind energy generation. The Tamil Nadu Generation and Distribution Corporation (Tangedco) is going ahead with the construction of the Udangudi thermal power plants of 1,320 MW and 1,600 MW at a cost of ₹26,627 crore.
G. Sundararajan of Poovulagin Nanbargal pointed out that at a time when the power utility had a debt of ₹1,34,000 crore, it was not wise to spend on thermal plant whose utilisation could be minimal and the cost of power generated would be as high as ₹8.20 a unit.
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