Chennai:

The state government has proposed to set up a deep water port and a gas-based power plant (500 MW capacity) with a floating storage re-gasification unit (FSRU) project in Nagapattinam district as a joint venture with an estimated investment of Rs 3,500 crore.

The FSRU required for import of liquefied natural gas (LNG) will be on a charter basis. The land needed for the back up area for the deep water port for the gas- based power plant and future developments have been identified in south of Nagapattinam.

A policy note tabled by industries department in the assembly on Monday by industries minister P. Thangamani said plans were also on to set up maintenance, repair and overhaul (MRO) facility in a 50-acre area adjoining the existing Chennai airport. The land has been identified for the project.

It has also been proposed to develop the components manufacturing park for aerospace industry in Sriperumbudur in an area of about 300 acre. Among some of the other projects proposed in the note include a plastic industries park that would be established at Voyalur vilage near Ponneri in Tiruvallur district for Rs 243 crore through the Tamil Nadu Industrial Development Corporation (TIDCO).

It will have specialised infrastructure required to accommodate about 70 plastic goods manufacturing units. When fully developed, this park will be able to attract investments to the tune of Rs 2,100 crore and is expected to generate employment for about 25,000 people. The Centre will extend Rs 40 crore as grant for the project.

Tidco would also develop solar power parks to set up around 1000 MW of power projects in multiple locations in association with private players involving a total investment of Rs 9,000 crore. A petroleum, chemicals and petrochemicals investment region (PCPIR) project, would be implemented in Cuddalore and Nagapattinam districts to create manufacturing facilities.

source: http://www.deccanchronicle.com / Deccan Chronicle / Home> Nation> Current Affairs / by DC Correspondent / July 15th, 2014