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DPC to attend Godbole panel meet on Wednesday

Despite having served the preliminary termination notice on the Maharashtra State Electricity Board, the Enron-promoted Dabhol Power Company has agreed to attend the Godbole renegotiations committee meeting to be held in Bombay on Wednesday.

"In an official intimation, DPC has informed the state government that its representatives will attend the committee meeting slated for Wednesday," state government sources said.

With regard to the payment of the Rs 1.39-billion April bill, sources said that MSEB would soon make a 'protest payment' to DPC.

"There have also been reports of DPC stalling operations at Dabhol, but this is not true. The power station is working and its phase-II will be fired on June 7," sources added.

Confirming MSEB's decision to slap yet another Rs 4-billion penalty on DPC, the state government officials said it was likely to be issued by the month-end.

"In this post-PTN stage, currently MSEB is seeking legal opinion whether to challenge the PTN," they added.

Sources also said the Centre's representative A V Gokak would at the meeting.

Once a nine-member committee, the Godbole panel has now been reduced to six with three of its members, Rajendra Pachauri, Kirit Parekh and E A S Sarma, having opted out of it on personal grounds.

At the May 11 meeting, DPC officials including Enron India chief K Wade Cline and president Neil McGregor had expressed readiness to renegotiate the power purchase agreement and a possible reduction in its high tariff.

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