Lack of coal forces Lanco to shut Udupi power plant

New Delhi, Jun 12, 2014, (PTI)

Lanco Infratech’s 1,200 MW Udupi electricity plant in Karnataka has been shut down due to non- availability of coal, while the state government put the blame on the company and said it would manage the power situation.

While a company spokesperson declined to comment on the matter, sources said the project, fired by imported coal and an important source of electricity for the state, has been facing financial difficulties due to outstanding payments for power supplied to Karnataka.

When contacted, Karnataka Energy Minister D K Shivakumar told PTI that all bills have been paid to the firm and that the state had even given Rs 300 crore in advance.

Read full story here: http://www.deccanherald.com/content/413200/lack-coal-forces-lanco-shut.html

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