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Construction : Project Update | January 2016 | Source : Infrastructure Today

Koradi Project cost up by Rs.1,500 crore

The Maharashtra State Power Generation Company Limited´s (Mahagenco) Koradi Thermal Power Expansion Project has witnessed massive cost escalation due to inordinate delay in completion. Project cost has shot up by over Rs.1,500 crore that will ultimately result as a burden on hapless power consumers.

Shockingly, the state is yet to release its share of 20 per cent of the total cost despite this having been approved seven years ago.
 
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