Jindal Steel planned to set up an integrated 1.7 MTPA steel plant, a 6 MTPA sponge iron plant, a 10 MTPA iron ore pellet plant and a 450 MW power plant. The project was expected to generate US$200 million in revenues for the Bolivian government, equivalent to 5% of its current revenue. The government projected that the Jindal complex would generate more than 21,000 jobs. As of 2009, Jindal had only invested US$20 million on the Mutun project due to difficulty in securing natural gas supplies from the Bolivian government for the 450MW power plant and ore smelting process. With progress on the project stalled, the Bolivian government and Jindal steel traded both accusations and demands. The government had opened criminal investigations against Jindal's executives and demanded that the full promised investment be deposited in Bolivian banks, while the company demanded these charges be dropped in exchange for a $18 million investment. Jindal announced its decision to withdraw on July 16, 2012. In August 2012 Jindal finally exited the El Mutún project. In 2014, international arbitrators awarded Jindal $22.5 million due to Bolivia's earlier seizure of the bond.