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Enron chief to visit India to discuss DPC

Kenneth Lay, chairman of US energy major Enron, will visit India in the second week of July to hold talks with the Centre on the fate of the Dabhol Power Company, even as other states are now willing to buy its power at an 'affordable' price.

"Enron India managing director K Wade Cline has informed me in a communication that Lay will be in India on July 9 or July 10," chairman of the renegotiation committee Madhav Godbole told reporters in Bombay on Saturday after the committee meeting.

At the 90-minute meeting, several proposals were discussed by the panel with DPC president Neil McGregor, in the absence of Enron India chief K Wade Cline. Among others, the willingness of other states to offtake DPC's power was also discussed, he said.

"We informed the DPC representatives that seven to eight states have evinced interest in their power and the committee is scheduled to meet the states on July 26 in Bombay to assess the situation," Godbole said.

He said the states' meeting would revolve around crucial issues like the nature of the offtake, 'whether it will be for baseload power or peak load, at what price they were ready to buy and what will be the payment arrangement'.

The fifth round of the renegotiations would be held on July 27, in which the committee would appraise DPC officials about the states' demands and expectations, he said.

Godbole said in its set of proposals, the multinational has maintained that the offtake of power should be at a 90 per cent plant load factor from the entire 2,184 mw project.

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