A&N Govt revises Suryachakra Power Corporation’s cost of project

20 Apr 2012 Evaluate

Andaman & Nicobar Government (A&N Govt) has approved in principle to revise the cost of power project of Suryachakra Power Corporation at Rs 80.38 crore as conveyed by CEA vide their letter dated March 15, 2012 for the monthly tariff bill from April 2012 onwards.

This decision of the Government of Andaman & Nicobar will immensely benefit the company in upward revision of rate tariff, reimbursement of escalation in costs and other miscellaneous proposals, besides Rs 80.38 crore reimbursement by authorities in a phased manner.

Suryachakra Power Corporation (SPCL) is the flagship company of Suryachakra Group with interests in Power generation - renewable energy (biomass, solar, hydro) and coal based, engineering and consultancy and urban infrastructure development activities.

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