Moser Baer Power’s 3800-MW projects stuck for want of coal
Moser Baer Power & Infrastructure’s proposed 3,800 MW power projects are held up due to absence of coal linkage which has also made company’s plans of fund raising difficult, a top official said. The company has plans to generate 5,000 MW at an investment of Rs 25,000 crore in the next five years. Of this, it is is executing 1200 MW for which coal has been made available. “Right now, we are executing the projects of 1200 MW which have fuel linkage but the rest is awaiting fuel. “3,800 MW is awaiting fuel tie-up, we have acquired all the land required to build this capacity, have taken all the permissions, environment clearance has been partly done but we do not have coal,” L R Shrivastava, CEO, Moser Baer Power & Infrastructure Ltd told PTI. He was speaking on the sidelines of an IPPAI event here. The company plans to get this 5,000 MW up and running in the next 5 years but is finding it difficult to arrange debt. “We are already drawing loans for the 1,200 MW under construction capacity and the revenues generated through that plant will be utilised for building other plants, but we cannot get loans because there is no coal,” Shrivastava said.