The delays have left the project promoters worried, since part of the equity has already been utilised for carrying out some of the civil works on the project. ISPL under the MoU signed with the Orissa state government had undertaken to get the project operational by April 2001, when it is expected to begin generating revenues. FI sources said the delay in financial closure was on account of the fact that the two foreign consultants appointed by ICICI for carrying out due diligence, one for engineering and another for legal affairs, were out of the country for Christmas
