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SC defers hearing on DPC

January 06, 2004 16:24 IST

The Supreme Court on Tuesday deferred the hearing for two weeks on the issue of restarting the Dabhol Power Corporation asking the parties to come out with the modalities about fixing interim tariff for sale of electricity by DPC to Maharashtra State Electricity Board.

A bench comprising Justice Y K Sabharwal and Justice AR Lakshmanan, after hearing the counsel for the concerned parties, passed the order to this effect.

Earlier, the court had asked two key shareholders in DPC -- GE Capital and Bechtel -- to tell the court about their response to the plant going back into operation.

After US power major Enron pulled out of the project, the entire venture went into litigation leading to the closure of the power plant almost two years ago.

DPC, in its petition, had objected to MSEB's decision to approach MERC on fixation of interim tariff saying the apex court had passed a consent order that none of the parties would approach either the Maharashtra Electricity Regulatory Commission or the tribunal on their dispute over the power purchase agreement.

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