News APP

NewsApp (Free)

Read news as it happens
Download NewsApp
Rediff.com  » Business » 'Maharashtra will buy DPC power'

'Maharashtra will buy DPC power'

By BS Regional Bureau in Mumbai
January 20, 2005 14:31 IST
Get Rediff News in your Inbox:
Maharashtra is committed to purchase power from the Enron-promoted Dabhol Power Company once revived, chief minister Vilasrao Deshmukh said on Wednesday.

A senior secretariat official told Business Standard, "We had a fruitful meeting in New York recently where a possible resolution method was worked out. Now it is up to the Union government to accept the proposed revival plan. We are hopeful that the restarting operations of the DPC plant may commence within a span of three months."

If things go as per schedule, then the DPC plant can become fully operational, generating and distributing power within a year.

Deshmukh, while addressing media persons after the weekly meeting of his cabinet, said that the state government was committed to increasing power availability in the state, which currently faces a shortage of 2,500 mw of power during peak demand period.

He said that while any new generation project would be a long term one, the state government was seeking its share of 500 mw from the Tarapur power project, which is pending Union government clearance.

"Similarly, the Parli and Paras power projects are expected to yield 250 mw each. If the DPC power plant also becomes functional in the short term, Maharashtra would be able to overcome power shortage and would not have to resort to load shedding of six-eight hours daily as being done today," Deshmukh said.
Get Rediff News in your Inbox:
BS Regional Bureau in Mumbai
 

Moneywiz Live!