Kochi: The first power plant at Kochi SmartCity with a capacity of 11KV and an investment of Rs90 million (Dh4.86 million) was inaugurated on Sunday in order to provide immediate power supply to the first phase of the ambitious IT project once it begins operations.
The first phase of the SmartCity project in the south Indian state of Kerala, in which Dubai Holding is an 84 per cent shareholder through Tecom Investments, is scheduled for official inauguration on February 20. The other 16 per cent is held by the government of Kerala. The project showcases yet another successful example of close collaboration between UAE and Indian governments and businesses.
“This is an independent set-up and we are also a separate electric licencee. So for all the companies setting up business here, we can provide power connections directly without any delay,” said Dr Baju George, Managing Director of SmartCity Kochi, following the inauguration.
“And we can also purchase power from anywhere in India by paying a network wheeling charges. So companies here do not need to worry about the abundance of electricity, they can function very effectively with our 24x7 power connectivity,” he said.
SmartCity Kochi is an IT Special Economic Zone with an envisioned built-up area of more than 8 million square feet, and is expected to create more than 80,000 direct job opportunities once all the shifts are fully functional.
