The cost of 2X300 MW Haldia power project has been revised upwards from Rs. 3407.7 crore to Rs. 4182.4 crore. However, reasons for upward revision in project cost are not known. The project is being funded at a debt equity ratio of 3:1. Financial closure for the entire project (including cost overrun) has been achieved. The project is scheduled for commissioning in the third and fourth quarter of this financial year.
The project is being implemented by Haldia Energy Ltd which is a wholly owned subsidiary of CESC Infrastructure Ltd. CIL is owned by CESC Ltd, a Sanjeev Goenka group company. The project is coming up at Haldia in West Bengal.