For the first time, there will be an Indian connection to a crewed Moon mission.
Bechtel Enterprises and GE, the two US companies that hold stakes in Dabhol Power Company, have filed an arbitration action against the Government of India, seeking about $600 million each as against their investment of $120 million each in DPC.
Restarting Dabhol Power could face fresh hurdles with its two stakeholders, Bechtel and GE, demanding full recovery of their investment in the project, lying idle for more than 24 months now.
Meanwhile, the US Bankruptcy Court late on Thursday has rejected Reliance Energy Ltd's bid to buy out the bankrupt Enron Corp's 65 per cent stake in the controversial Dabhol Power Company.\n\n\n\n
Govt awaits GE, Bechtel response on DPC
Reliance Industries (RIL), India's largest private sector company, is finalising a new alliance with engineering and project management partner Bechtel Corporation, as it prepares to enter the power sector.
With warring parties thrashing out a settlement over Dabhol Power Company, multinational power majors GE and Bechtel on Tuesday
In a significant development, GE and Bechtel, minority share holders in Enron-promoted Dabhol Power Company, have agreed to extend unconditional support for restarting generation of power from the project, lying idle for over 20 months.\n\n\n\n
In an attempt to restart the controversial Enron promoted Dabhol power project, the power ministry is holding high-level talks with minority partners, GE and Bechtel.
A detailed assessment and internal inspection of the Dabhol power plant equipment by concerned parties including NTPC, GE India and Bechtel is necessary to ascertain the time frame for restarting it.
GE and Bechtel have put forward a three-pronged strategy to the Indian lenders, led by the Industrial Development Bank of India, to restart Phase I and complete Phase II of the $3 billion Dabhol project.
The process to restart the 2184-MW Dabhol power plant has received a jolt with promoters, GE and Bechtel, slapping an arbitration notice on Maharashtra State Electricity Board for recovery of Rs 26,000 crore (Rs 260 billion) towards investments and l
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
Indian lenders to the Dabhol power plant are close to a settlement with Bechtel, which will clear the last major hurdle in reviving the 2,184 MW power plant that has been shut for over four years.
The Supreme Court on Wednesday put an end to the vexatious litigation between shareholders of Dabhol Power Corporation - GE and Bechtel - and the Maharashtra government following an out-of-court settlement.
Foreign and Indian lenders of the troubled Dabhol Power Company would meet in Singapore on Monday to find a solution to the vexed issue even as majority stakeholders in DPC, GE and Bechtel have offered to sell their equity for close to $400 million.
The government is expected to hold negotiations with the promoters of Dabhol Power Corporation -- GE and Bechtel -- next week for restarting generation at the power project.
Decks have been cleared to restart the controversial Dabhol Power Project in Maharasthra as the company's US promoters withdrew all legal proceedings against the state and the central government before the arbitration panel in London.
Centre has approved 26 cases of foreign technology collaboration and granted industrial licences to 25 cases.\n\n\n\n
Indian FIs have reached a settlement with the consortium of offshore lenders and Overseas Private Investment Corporation in their bid to restart DPC.
Maharashtra Chief Minister Vilasrao Deshmukh on Saturday said power generation in the energy-hungry state would grow by 2000 mw within a year with the Dabhol plant becoming operational again.
India has sought 60 more days from an arbitration tribunal at London to respond to a claim of about $6 billion as compensation from GE and Bechtel, the foreign promoters of now-defunct Dabhol Power project in Maharashtra.
The Supreme Court on Monday sought the response of key shareholders in Dabhol Power Corporation -- subsidiaries of GE and Bechtel -- on restarting the litigation-embroiled plant
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