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Cheemeni Power Co plans 1200 MW gas based power project at Kasargod

KSIDC is planning to set up a 1200 MW gas based combined cycle power plant at Cheemeni village in Hosdurg Taluk in Kasargod district of Kerala. The project will have 3 nos. of gas turbine and most likely to use water from sea to meet its water requirements. The project cost is estimated at Rs. 47,560 million. It has formed a special purpose vehicle "Cheemeni Power Company Kerala Ltd" with KSIDC and KSEB as 50:50 equity partners. It has appointed XYKno as project management consultant and Ramky Enviro Engineers to conduct the EIA study. Tata Consulting Engineers has been retained as consultant. Tata Consulting Engineers has been retained to prepare a detailed project report. The govt has allotted 2000 acres of land and is in the process of selection of developer under case II bidding process. Apart from these, the Govt. will also provide Viability Gap Funding Grant to the extent of Rs..500 crores covering a period of 5 years

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