Essar Power´s Rs 8,000 crore thermal power plant in Tori, Jharkhand, is on hold with bankers reluctant to lend to the project. Lenders want the project to get reliable coal linkage and be assured of the project´s viability within a definitive time. Essar Power has so far invested Rs 3,500 crore in the project.
It will take 20 months to reach date of commencement of commercial operations, provided funds are available.
Contact: Essar Power.
Tel: 022-6733 5000.