Partner Channels: Auctions | Auto | Bill Pay | IT Education | Jobs | Lifestyle | Technology | Travel
April 25, 2001
|
|
|
|
|
|
||
|
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding | Women Partner Channels: Auctions | Auto | Bill Pay | IT Education | Jobs | Lifestyle | Technology | Travel |
||
|
|
||
|
Home >
Money > Business Headlines > Report April 25, 2001 |
Feedback
|
|
|
'DPC re-negotiation panel in 2 days'Maharashtra Chief Minister Vilasrao Deshmukh on Wednesday said that the expert committee for renegotiating the power purchase agreement of the US energy major Enron's Dabhol Power Company would be announced in the next two days. Talking to reporters at Mantralaya in Bombay after the weekly cabinet meeting, Deshmukh said the re-negotiating committee would dwell into the financial, banking and legal matters concerning the PPA. The extra general body meeting of DPC is taking place in London on Wednesday amid speculations that Enron's plans to quit India as the project has been embroiled into a controversy ever since it was signed in 1994. Deshmukh said that the state government as well as Maharashtra State Electricity Board officials are already in London for the meeting. They will prevail upon the DPC officials not to take harsh steps, which would harm both parties. On Monday, Deshmukh met Union Finance Minister Yashwant Sinha in Delhi and the Centre has accepted the recommendation of the Madhav Godbole Committee that the Centre along with the MSEB, the National Thermal Power Corporation and state government should participate in the re-negotiation process. When asked about the demand of the smaller partners in the democratic front government like Peasants and Workers Party, Janata Dal, CPM and others, that a judicial probe be ordered into the signing of the PPA, Deshmukh said he was aware of the demand. But, he said the state government's main concern was reducing the high cost of tariff and then booking those guilty of taking the state into a financial mess. Referring to Wednesday's bandh called by all trade unions in the state to protest against the economic policies of the BJP-led NDA government, Deshmukh said that his Democratic Front government was not anti-labour. ''We are here to protect the interests of the labour class. I have invited labour leaders in the state for deliberations on Thursday and convince them that the state government's labour reforms are not against the working class," he said. UNI YOU MAY ALSO WANT TO SEE:
|
||||
