The Union coal ministry may cancel the Letters of Assurances (LoAs) for coal linkages issued to two proposed power projects in Orissa as these plans failed to achieve financial closure within six months of the issue of LoAs as per the terms and conditions of the LoAs.
These two power projects include GMR’s 1000 MW Kamalanga power project at Kamalanga in Dhenkanal district and Ind Barath Energy Utkal's 750 MW (3x250) project at Sahajbahal in Jharsuguda.
A notice will be soon issued to these project developers who have not achieved financial closure. These developers then need to respond to this notice within 15 days, explaining as to why the LoA issued to them should not be cancelled as they have failed to achieve financial closure within six months.
3 comments:
It’s shaping up to be cold winter for the global sector. Despite healthy general demand from Asia and Europe, supplies remain in excess as many U.S. firms try to export their way out of the state-side crisis. Those robust supplies have caused global prices for the fuel to drop steadily across the board over the last few months.
Don Blankenship
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-:very good content and nice information....
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