The fate of 2400 Mw coal-fired power plant proposed by Odisha Thermal Power Corporation Ltd (OTPCL) now hangs in balance after both its promoters lost coal mines allotted to them.

The company, which claims to have completed the land acquisition process by the end of July 2013, is also undecided over how to start the construction for the Rs 8,000 crore plant as it is in search of a strategic partner to sell its 74 per cent stake.