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News Brief | February 2017

Coal issues dog Essar´s Jharkhand project

Essar Power´s Tori project in Jharkhand is stuck for lack of coal, despite a spurt in the fuel´s supplies in the country. ´The 1,200 Mw project is almost 50 per cent complete. It would have been completed by now but financial institutions have stopped disbursement of funds,´ said KVB Reddy, chief executive officer, Essar Power. Banks check for PPAs and fuel supply before lending to power generation projects. ´If the coal blocks had been with us, the plant would have been operational,´ Reddy said.
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