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MSEB not to attend DPC board meeting in Houston

Maharashtra State Electricity Board will not attend the board meeting of Enron-promoted Dabhol Power Company, scheduled to be held at Houston on November 19.

"We reserve our right to be present in the board meeting being held in Houston," top MSEB sources said in Bombay on Friday.

This is the third time that the MSEB has refused to attend the board meetings, which were earlier held in Bombay. It also did not attend the annual general meeting of the energy major held a couple of months ago in the city.

"DPC has consistently ignored our rebate claim for their material misrepresentation in the operating capabilities of the plant. Since there is nothing that we can discuss, we see no point in attending such meetings," the sources added.

A DPC spokesman, when contacted, declined to comment stating that "it is a statutory internal matter".

MSEB has also refused to take cognisance of the November 5 asset transfer notice and several monthly bills despatched by DPC stating that it had rescinded the power purchase agreement.

The first preliminary termination notice expires on November 19, the same day as the board meeting. However, the Bombay high court has restrained DPC from issuing the final termination notice till December 3.

DPC has also sought lenders' approval for issuance of the final termination notice, but Indian lenders are yet to give their consent.

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