Monthly Archives: August 2016

Cheyyur UMPP’s electricity to be unaffordable: IEEFA

The IEEFA report assessed tariff rates and risks associated with the Cheyyur project after the government proposed revised bidding guidelines to make the project more attractive

Kolkata: The 4,000 megawatt coal-fired Cheyyur Ultra Mega Power Project is likely to be a non-starter at best or a financial disaster for consumers — Tamil Nadu Generation and Distribution Company (TANGEDCO) and the state government — if it gets built, according to a recent report by the Institute for Energy Economics and Financial Analysis (IEEFA).

The report assessed tariff rates and risks associated with the Cheyyur project after the government proposed revised bidding guidelines to make the project more attractive in response to the withdrawal of prospective bidders who said the project was too risky.

“Even with revised guidelines, the risks of the project remained daunting enough to deter investors and lenders,” IEEFA said.

Read more here: http://energy.economictimes.indiatimes.com/news/power/cheyyur-umpps-electricity-to-be-unaffordable-ieefa/53524165

 

 

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