Lanco Infra shuts down Udipi plant.

Lanco Infratech Limited has stopped generation of power from its 1200 MW Udipi power plant as it is faced payment delays from Karnataka government utilities.

The imported coal fired project had to be shut down as it was not possible to carry on as there has been inordinate delay in payments, sources said.

The plant is also facing hardship in securing adequate coal supplies but was able to generate making arrangements. However, delayed payments forced the company to take this decision, sources said.

The company and the utilities have had payment related concerns in the past with the former seeking dues with regulatory intervention.


HBL