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Home -> Finance -> Full Story
‘Govt to buy DPC power only after fresh PPA'
Tuesday, April 30 2002 19:28 Hrs (IST)

Mumbai: Maharashtra government would buy power from the first phase of Dabhol Power Company (DPC) only after signing a fresh power purchase agreement (PPA) with the new buyer of power project in coastal Konkan, Chief Minister Vilasrao Deshmukh said on April 30.

The government would sign a new PPA and make efforts to amend mistakes committed while finalising the earlier PPA, Deshmukh told reporters at Vidhan Bhavan on the concluding day of the budget session of the state Legislature.

The government was willing to buy electricity at the rate of Rs 2.25-Rs 2.50 per unit, the Chief Minister clarified.

He, however, made it clear that the state government can off take power from the first phase of DPC and not the second phase.

Though the government was willing to buy electricity at Rs 2.25-Rs 2.50 per unit, the rate would be finalised with the new management.

Also, the PPA would have to be get approved by the state electricity regulatory commission (MERC), the Chief Minister said.

PTI














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