The power generating flag ship company of the Coal and Oil group, Costal Energen Private Limited is reported to have achieved Rs 4300 crore power project in Tutucorin as per the company release. The project with a debt component of about Rs 3450 crore has been funded by a constorium of 16 banks and financial institutions led by State Bank of India. The loan carries an interest rate of 12 percent and a tenure of 15 years.