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Thermal Project Clearances
- Expansion Nasik TPP by Indiabulls Power Ltd.
- 2×270 MW Coal based Thermal Power Plant by DPSC Ltd
- 300 MW Power Plant by Satyam (North East) Thermal Power Ltd
- 1260 MW (in 2 Phases) Thermal Power Project by CESC Ltd
- 131.82 MW Gas Based Power Plant by Coromandel Electric Company Ltd
- 21 MW CO-genration project by Vaidyanath Sahakari Sakhar Karkhana Ltd
- 2×750 MW Gas based Combined Cycle Power Project by Haryana Power Generation Corporation Ltd
- 2 x 660 MW Coal Based Super Critical TPP by Torrent Power Ltd
- 1200 MW Natural Gas Fired Combined Cycle PP by Rajanagaram Gas Power Pvt. Ltd.
- List of New Thermal Power Projects to be considered for Environment Clearance in July 2011.
Lanco Infratech, currently busy with a 1,200 mw thermal power project in Udupi district of Karnatka with an outlay of Rs6,000 crore, has failed to make the repayment due on January 15 to its lenders.
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Company officials argue it isn’t a default, but a delay in repayment. The project, being developed by its subsidiary Udupi Power Corp (UPCL), carries a debt of about Rs4,500 crore.
“As CRISIL mentioned in its ratings rationale for its January 4 downgrade of UPCL’s long-term debt and bank guarantees, a default on the January 15 debt repayment could trigger another rating downgrade, fanning concerns of potential bankruptcy and, once again, denting stock price performance,” Nomura analysts Anirudh Gangahar, Ivan Lee and Ankit Kumar said in a report dated January 13.
A senior Lanco official reportedly reasoned that about 90% of the power produced by the plant is offered to distribution companies, or discoms, of the Karnataka government, which owe it about Rs500 crore.
Lanco had earlier completed the first unit of the project with a capacity of about 600 mw. However, the second unit, of another 600 mw, was delayed as the transmission lines to evacuate the power got stuck in environment clearances.
Related posts:
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- Lanco to divest stake
- Lanco place order with Chinese Firm. Saves 17,000 Crore.
- Lanco Babandh Power Achieves Financial Closure for Orissa Project.
- Lanco Anapara Signs MoU with UP Govt for New Project
- Lanco project: All is not well
- Gas Allocation for GMR & Lanco Power Projects
- Alstom Bags Hydel Project Contract from Lanco