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Godbole panel moots Rs 2.40/unit for DPC power

Our Correspondent in Bombay

The Godbole Committee, appointed by the Maharashtra government for renegotiating the power purchase agreement with Enron-promoted Dabhol Power Company, recommended power purchase rate at Rs 2.40 per unit and recommended a 75 per cent 'write off' in equity to be taken by its promoters.

The committee, headed by former bureaucrat Mahdav Godbole, also stated that Enron has lost interest in running the project and, as such, there was hardly any scope for further negotiations over the matter.

The committee submitted its final draft proposals to Maharashtra Chief Minister Vilasrao Deshmukh and state Energy Minister Padamsinh Patil on Friday.

The panel also said that it was now up to the domestic financial institutions and Enron to decide the matter and find a new buyer for the project.

The committee finalised the draft proposals to be submitted to the government at a meeting attended by Maharashtra State Electricity Board chairman Vinay Bansal, and other members of the committee including EAS Sarma, A V Gokak and S K Srivastava.

The Godbole committee had earlier recommended the organisational restructuring of MSEB and carrying out more reforms to strengthen the state's power sector.

The panel had also mooted the trifurcation of the state electricity board into generation, transmission and distribution segments. The committee had said that some of these segments be privatised and that the agricultural tariffs be rationalised.

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