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Centre not to take over DPC project or buy power

The Centre on Friday categorically made it clear that it will not take over the Enron-promoted Dabhol Power Company's $3-billion power project, nor will the National Thermal Power Corporation buy power from the multinational.

"We are not going to buy the plant, nor its power," Union power secretary A K Basu told reporters after his keynote address at the inauguration of an international conference in 'Global participation in Indian national grid, energy management and convergence' in Bombay.

The Government of India has made it very clear that this is a dispute between the DPC and Maharashtra government and a solution has to be found by them. "We are willing to provide any help needed," he added.

Meanwhile, another power ministry official confirmed that the conciliation procedure between the US energy major and the Centre would commence on Saturday and could spill over till Monday.

"The conciliation is for three days and restricted only to the non-payment of the December bill," he said.

The Attorney General of India and senior counsel Soli Sorabjee and former Supreme Court judge Jeevan Reddy would represent the Centre, the official said adding the government would accept the conciliation verdict in whosever's favour it would be pronounced.

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