India has emerged as one of the most favourable destinations of European and American investors among the Asian nations.
Hindustan Petroleum Corporation and Petronet LNG will partner with Oil and Natural Gas Corporation in the liquefied natural gas import terminal ONGC plans to put up at Mangalore in Karnataka.
In line with the target to restart Dabhol power plant next year, Ratnagiri Gas and Power Pvt Ltd will soon begin the process for signing a power urchase Agreement with Maharashtra with an offer to sell power at around Rs 2.70 per unit.
The Indian unit of the British energy firm BG group, Oil and Natural Gas Corp and Reliance Industries signed an amended contract for the Panna/Mukta oil and gas and Tapti gas field with the government for joint management of the fields.\n
With warring parties thrashing out a settlement over Dabhol Power Company, multinational power majors GE and Bechtel on Tuesday
To start with, TPG has signed an MoU with Chhattisgarh government for a 1,600 Mw coal-fired plant in the state at an investment of about Rs 6,000 crore.
The panel has decided to commence proceedings in the DPC fiasco probe from March 31.
The Union Cabinet is understood to have decided to constitute an empowered Group of Ministers to resolve the crisis plaguing the multi-billion Dabhol power project, promoted by the erstwhile Enron Corporation.
In an effort to restart Dabhol power plant, Indian lenders led by IDBI will submit a final restructuring proposal to US-based Overseas Private Investment Corporation, one of the foreign lenders, before October 13.
The Supreme Court on Monday admitted an appeal filed by Enron promoted Dabhol Power Corporation challenging a Bombay high court order
Maharashtra government has conveyed to the Centre that it is willing to purchase power from Dabhol plant at Rs 2.20 per unit.
Nationalist Congress Party president Sharad Pawar and Lok Sabha Speaker Manohar Joshi are among the 54 witnesses who would depose before the Kurdukar commission that is probing the legality of the multi-crore Dabhol
Power Ministry on Tuesday held discussions with National Thermal Power Corporation and financial institutions, including IDBI, as part of efforts to restart power generation at the idle Enron-promoted Dabhol Power project.
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.
Merrill Lynch, in an agreement with prosecutors that let it avoid criminal charges over its role in the Enron debacle, has promised not to engage in business deals that it believes might be used to mislead investors.
Domestic lenders to Enron Corp's $2.9 billion Dabhol power plant are considering applying to a local court for a stay on arbitration proceedings begun by foreign lenders, who want to exit the stalled project, said an official with a domestic lender.
Govt awaits GE, Bechtel response on DPC
Wray is a litigation attorney with law firm King & Spalding in Washington and Atlanta.
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