Lanco Infratech shut 1200 MW Udipi power plant

Lanco Infratech has stopped generation of power from its 1200 MW Udipi power plant, as it faced inordinate delay in payments from Karnataka government utilities. 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. The company and the utilities have had payment related concerns in the past with the former seeking dues with regulatory intervention. Lanco Infratech is the leading integrated infrastructure conglomerate with global footprints having business verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure.