The V.O. Chidambaranar Port Trust (VoCPT) has signed a concession agreement for the construction of a captive berth and a land lease agreement for the development of a thermal power plant (TPP) with SEPC Power Private Limited, Chennai. The captive berth will be constructed at an estimated cost of Rs 1.5 billion and will be utilised for handling the coal required for the TPP. The port trust has allotted 36.81 hectares of land on its estate, under the industrial category, for a period of 26 years, for constructing the power plant. The TPP will require around 1.5 mt of coal annually, which will be transported from the port to the plant via a 5 km long conveyor. The plant is expected to be operational by 2019.