Financial Daily from THE HINDU group of publications
Friday, Aug 12, 2005

Port Info

Group Sites

Corporate - New Projects
Industry & Economy - Water

IVRCL to set up desalination plant near Chennai

Our Bureau

Chennai , Aug. 11

IVRCL Infrastructure & Projects Ltd has bagged a Rs 500-crore contract to set up a sea water desalination plant for the Chennai Metropolitan Water Supply and Sewerage Board.

The project, expected to supply drinking water to Chennai, has been awarded on a Design, Build, Own, Operate and Transfer basis with the transfer to happen after 25 years. The project is to come up at Minjur on the northern outskirts of Chennai.

IVRCL and its technical partner M/s BEFESA Construction Y Tecnologia Ambiental S.A.U., Spain, would float a special purpose vehicle to implement the project, the company has said in a communication to the stock exchanges.

The project, one among a clutch of schemes to improve water supply to Chennai, comes after a long wait. The Government announced in the Assembly in 2003 that a Rs 1,500 crore desalination project would be set up on a BOOT basis. However, the project could not take off after a bidder went to court over tendering issues.

The desalination project is expected to contribute significantly to meeting the city's drinking water requirement of 840 million litres a day.

The city's water supply was severely strained last year after two years of drought. It may be recalled that in the Budget for 2005-06 the Finance Minister of Tamil Nadu, Mr C. Ponnaiyan, said that there was a "real threat of evacuation faced by Chennai City last year."

The Government came out with a series of water supply schemes to augment water availability. This included the completion of the Rs 720 crore New Veeranam Project and the announcement of the Rs 300 crore Veeranam Extension Project.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Ranbaxy's 7 AIDS drugs in WHO pre-qualification list

Skoda to launch Octavia Combi next month
Sakhalin-1 to pump oil in Oct
BHEL bags Rs 26-cr order from Ethiopia
India Inc high on mergers and acquisitions
CLB order on Birla Corp challenged in Calcutta HC
Fortune Brands acquires Teacher's Scotch Whisky
HLL board nod for Vashisti merger
Sumitomo to buy 15% in Swaraj Mazda
IVRCL to set up desalination plant near Chennai
Mounting losses on petro-products sale — IOC puts on hold Paradip refinery and petrochem project
Varun Shipping signs pact to buy 3 LPG carriers
Kamdhenu Ispat ties up for Temcore technology
AIMA meeting with B-school deans at Coimbatore
Lifebuoy joins campaigns against diarrhoea in Mumbai
BIFR approves revival schemes for Alind units
Tata Motors hopes to garner 40 pc of SUV market
Philips to focus on medical systems, sees 25% growth
Shortage in steel supply may pose problems for BHEL
Electrolux to ride on Videocon's strengths
Parryware targets 40% growth in turnover
GET Lionel eyes Rs 350-cr turnover

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line