NLC Tamil Nadu Power Ltd, a joint-venture between NLC and TNEB laid a foundation stone to kick-start 1000 MW thermal power project in Tuticorin in Tamil Nadu. The project cost of Rs. 49100 million will be funded by a debt-equity ratio of 70:30. The entire debt portion Rs.39470 million of the project will be funded by Rural Electrification Corp. EPC contract worth Rs.31960 million of boiler, turbine and generator had been awarded to BHEL. The project also includes two-cooling towers, desalination plant, gas-insulated switch gear of 400 kva capacity.