Haldia solar project hit by global financial crisis

“The project would be executed in phases. The financial closure for the first phase is yet to be achieved due to the global financial crisis," lead promoter of the project Bhaskar Silicon Ltd managing director Jyoti Poddar said.

The proposed investment for the first phase was estimated at Rs3,100 crore.

The firm and the West Bengal government had announced that the first phase would be completed by 2009, which seems unlikely as only the land development work has begun.

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