June 19, 2013
Tamil Nadu Chief Minister J Jayalalithaa said a new project to improve the power transmission in the state will be implemented with the financial assistance of Japan International Co-operation Agency (JICA). She also requested JICA for a line of credit to for viability gap funding and credit to private parties in infrastructure projects.
In a statement issued by the government, Jayalalithaa, during her meeting with a JICA delegation led by its president Akihiko Tanaka, said: “This year, a new Tamil Nadu Transmission System Improvement Project with a JICA loan of Rs. 3,410 crore rupees (607.40 billion yen) is to be implemented.”
She told the delegation the project will greatly help strengthen the power transmission network in the state as 6,000 MW of fresh power generation capacity is expected to be commissioned within next one or two years.
During the meeting, Tanaka said Tamil Nadu has great potential to become the hub of industrial growth in the Indian Ocean region and promised support for infrastructure projects in the state.