“SEPC was formed in the In response to the invitation of TNEB for setting up this project, TPL had submitted a proposal to setup a 1x500 MW coal fired power station at Tuticorin in Tuticorin District in Tamil Nadu, which was accepted by government of Tamil Nadu vide G.O.(MS) No.16 dt.6.1.95. Subsequently TPL has signed a memorandum of understanding (Mou) with TNEB and TPL promoted a new company SPIC Electric Power Corporation (Private) Limited (SEPC) for implementation of the 1X525 MW Tuticorin Thermal Power Project, Stage - IV Unit-1(Project).”.