- First power project with NRI equity commissioned

  • 02/04/1998

  • Statesman (New Delhi)

The second of India's eight 'fast track'power projects began to produce power in Andhra Pradesh after being mired in controversy and procedural wrangles for five years. The 208 MW gas-based project in the eastern coatal town of Kakinada is promoted by New York-based non-resident Indian-owned Spectrum Technologies and the Hyderabad-based Jaya Foods and has the National Thermal Power Corporation and Rolls Royce as partners.