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Godbole committee meets sans DPC representation

The Godbole committee, set up for renegotiating the estranged Power Purchase Agreement between US energy major Enron-promoted Dabhol Power Company and the Maharashtra State Electricity Board held its first internal meeting sans representatives of the multinational, on Saturday.

"It was an internal meeting to take stock of the current situation and decide on matters pertaining to the May 11 meet with officials of Enron, GE, Bechtel and DPC's foreign lenders," state government sources said in Bombay.

The meeting, which lasted for almost four hours discussed a strategy to present the committee's recommendations made public last month, they said.

Out of the nine-member committee, Saturday's meeting was attended by five members including Godbole, MSEB chairman Vinay Bansal, state energy secretary V M Lal, state finance secretary Sudhir Shrivastava and Kirit Parekh of Indira Gandhi Institute of Developmental Research.

Those absent were HDFC Chairman Deepak Parekh, TERI Director R K Pachauri, former Union Energy Secretary E A S Sarma and yet to be appointed representatives of the Centre and Central Electricity Authority.

The negotiating committee would suggest solutions to bring down the exorbitant power tariff, separating of the liquefied natural gas facility, restructuring of DPC and allowing sale of excess power through central utilities mainly the National Thermal Power Corporation (NTPC), sources said.

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