TN: Rs 1,000 crore for solar projects

CHENNAI: The Tamil Nadu Industrial Development Corporation Limited (TIDCO) will establish Solar Power Parks in the State to generate 1,000 MW of power in the next five years. These projects wo

Published: 04th May 2012 05:10 AM  |   Last Updated: 02nd June 2012 10:14 PM   |  A+A-

CHENNAI: The Tamil Nadu Industrial Development Corporation Limited (TIDCO) will establish Solar Power Parks in the State to generate 1,000 MW of power in the next five years. These projects would be implemented in a phased manner across the State both through government and private firms.  

Announcing this in the State Assembly, Industries Minister P Thangamani said these projects were part of the initiatives to realise the objective of generating 5,000 MW of power in the next 11 years in Tamil Nadu.  In the first phase, solar power projects to generate 100 mw would be established in southern districts at a cost of Rs 1,000 crore on an area of 500 acres. The TIDCO, in colloboration with private firms, would establish a complex to manufacture polymer goods at Vaayalur village near Ponneri in Tiruvallur district, at a cost of `160 crore, the Minister said and added that 100 factories, which would manufacture plastic equipment for motor vehicles and engines would be set up.

Around 25,000 people would get employment opportunities through this initiative.

The SIPCOT would set up a truck terminal at Orgadam at a cost of Rs 10 crore on an area of 10 acres to park the vehicles on this route.  

The Minister said that pulp wood plantations had already been raised on 1,000 acres of lands along the Noyyal river irrigation area which was polluted by the waters released by dyeing units.

The government had decided to raise pulp wood plantations on 3,000 acres.  This would be implemented through contract farming method. The farmers who take part in the initiative would get Rs 4,000 as lease amount per annum for six years.

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