Rediff Logo
Money
Line
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Wedding | Women
Partner Channels: Auto | Bill Pay | IT Education | Jobs | Lifestyle | Technology | Travel
Line
Home > Money > PTI > Report
May 9, 2001
Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      



 
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page

Solicitor General to represent Centre on panel to renegotiate DPC deal

The central government has appointed the Solicitor General of India as its nominee on the panel set up by the Maharashtra government to renegotiate terms with the

Enron-sponsored Dabhol Power Company on the $2.9-billion power project, Union Power Minister Suresh Prabhu said on Wednesday.

The panel, headed by Madhav Godbole, was set up after consultations with the Centre on April 30 and given a clear mandate to bring the tariff down.

Meanwhile, the DPC is scheduled to meet the panel on May 11 'to know its mind'.

Responding to questions by reporters here, Prabhu said that the Centre could not intervene in the matter and it was for Enron to take a decision on the project.

When pointed out that the Maharashtra government is 'unable' to pay power bills to DPC, he said:"It is for the state government to take a decision on what they want to do on this."

The central government was helping the state government to resolve the Enron imbroglio, the minister said.

"Let the government of Maharashtra take a decision and intimate us. Then, we will react."

Prabhu, who earlier participated in the inauguration function of the CII's Institute of Quality on Bangalore's outskirts, said fast track power projects in the country were in 'various stages'.

YOU MAY ALSO WANT TO READ:
DPC lenders ready to back PPA termination
Enron India unit lenders move to solve row
Govt seeks legal view in DPC row
Godbole terms of reference not acceptable: DPC
DPC Phase II: fresh row over escrow account
Enron has no plans to sell Dabhol stake
Panel to renegotiate Enron deal announced
Maharashtra CM hopeful of renegotiation with Enron
Enron moves towards ending Dabhol deal: Reuters
History of Enron's Dabhol power plant: Reuters
'I think there will not be many takers for Enron's stake in DPC'

Back to top
(c) Copyright 2000 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Tell us what you think of this report