Maheshwar Hydropower Project on the Narmada River is one of 30 large dams that are a part of the ambitious Narmada Valley Development Project.

year the project was handed over to S Kumars. It remains incomplete to date.

original estimate of the project.

cost of the project in September 2015 according to the Central Electricity Authority (CEA).

onwards, work has been suspended due to cash flow problems, noted the CEA.

people in over 60 villages, affected by the project have not yet been rehabilitated.

money brought in by the investors, including the promoters, have brought as equity, according to a meeting of the lenders that took place on 08-Sept-2015.

money brought in by lenders, which is close to 78% of the money spent so far, which begs the question, why this project was sought to be privatized in the first place. The major lenders are mostly public or government-owned financial entities as listed below.

Power Finance Corporation

HUDCO

Rural Electrification Corporation

State Bank of India

a committee formed in Oct 2014, proposed three possible scenarios to resolve the status-quo.

project promoter to bring in Rs 600 crore as equity and Rs 1200 crore of debt to complete the project within 90 days. S Kumars failed to do so.

Rs. 1800 to be brought in by any public sector operation. But with a upper limit to tariff for the electricity generated at Rs. 5.32 per unit, there are no takers.

Abandon the project. But with the dam already built, the river disrupted, the biota and ecosystem disturbed and people displaced and but will anyone be held accountable?