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Home -> Finance -> Full Story
Talks on with GE-Bechtel over revival of DPC
Tuesday, April 8 2003 19:18 Hrs (IST)

Mumbai: The Union government, Industrial Development Bank of India (IDBI) and Maharashtra State Electricity Board (MSEB) are holding talks with representatives of GE-Bechtel regarding expenditure of re-starting the Dabhol Power Company's project in coastal Konkan, the state Energy Minister Dilip Valse-Patil said on April 8.

The talks also involve inspection of the project's machinery, the Energy Minister told the state Assembly in a written reply to a query by Ranjana Kul (Nationalist Congress Party) and others.

However, no sanction from the State Electricity Regulator Commission has been obtained about the power purchase agreement (PPA) and quantity to be purchased from the project, the Energy Minister said.

The MSEB has prepared a preliminary draft of the energy purchase from DPC's first phase, the minister said, adding that a response in this regard from IDBI was awaited.

PTI





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