He also noted that the estimated Godda tariff of Rs6.65/kWh (A$0.13/kWh) would be higher than Indian state-owned utility NTPC's thermal power tariff of Rs3.21/kWh (A$0.06/kWh). Adani Power's financial state IEEFA's report also highlights the dire financial state of Adani Power. According to Buckley, the company is in clear financial distress with net debt of over US$7 billion, and its share price has fallen almost 80% now to a near 10-year low. He added that the company has given no indication of how it will secure funding for this proposal, and Adani Power itself is in no financial position to undertake a major new US$2.1 billion greenfield project. Adani Power has not made the full cash deposit required to secure land for the Godda project, and its loss-making 4.6-gigawatt Mundra plant has recently ceased supplying electricity to the state of Gujarat in breach of its contracted power purchase agreement.