Offshore lenders to bankrupt Enron Corp's $2.9 billion Indian power plant in Dabhol want to terminate the power purchase agreement with Maharashtra State Electricity Board, a statement from a consultant of the banks said.
Reliance Industries has inked deals to supply gas from its eastern offshore KG-D6 fields to most power sector consumers, including Essar Power and an Anil Ambani Group firm.
GAIL (India) Ltd is in talks with US energy major Exxon for importing 5 million tons of liquefied natural gas at Dabhol, company chairman U D Choubey said on Wednesday.
The Maharashtra government on Monday authorised a three-member secretary level panel to discuss issues relating to starting the defunct Dabhol Power project with the central government.
GAIL and NTPC would pick up equal stakes in the defunct Dabhol project by pumping in Rs 500 crore each through a special purpose vehicle, GAIL chairman and managing director Prashanto Banerjee told reporters in New Delhi.
The special purpose vehicle floated by GAIL(India) Ltd and National Thermal Power Corporation to revive the 2,184 MW Dabhol power plant has been named 'Ratnagiri Gas and Power Pvt Ltd'.
The government on Tuesday said it was considering various options for restructuring of the 2,184 MW Dabhol power project.
India on Monday sought fuel from Qatar to restart the $2.9-billion Dabhol power project in Maharashtra.
US-based General Electric, which along with Bechtel controls 85 per cent stake in the beleaguered 2,184-MW Dabhol Power Company, is open to sell its equity but wants its claims to be settled first.
The group of ministers on Dabhol discussed ways to restart the ailing 2,184 MW project, lying idle for more than three years, but did not reach any conclusion, Defence Minister Pranab Mukherjee said.
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 Kurdukar commission, probing the Dabhol Power Project fiasco, would on Friday give its verdict on the controversial issue of its jurisdiction to hear matters pertaining to Central approvals for the multi-crore project of Dabhol Power Company.\n\n\n\n
The trouble is largest FDI projects in India have had a tragic history.
Delhi, reeling under high temperatures and an acute electricity shortage, will get additional gas supplies from the National Thermal Power Corporation and Dabhol to increase power generation and help meet demand in the national capital.
The Maharashtra government on Monday said that even though two big power plants with an installed capacity of over 3,000 MW are shut in the state, people will not be subject to load shedding.
Farmers from Mormugao, Ponda and Bicholim talukas met revenue officer Anthony D'Souza, on Wednesday expressing their opposition to the Dabhol-Bangalore pipeline, which will be plugged at Gokak to provide supply gas to Goa.
Three districts of Maharashtra - Ratnagiri, Sindhudurg and Raigad - on the western coast are set to become the power hub of this part of the country.
If a foreign company pays interest on loan for carrying out operations in India it will be allowed tax exemption under the Income Tax Act, 1961, a tax tribunal has ruled.
The agreement guarantees energy availability for GE's power generation equipment, improving the plant's production, and supply and repairs of spare parts. RGPPL, which owns the gas-based plant, was incorporated in 2005 to revive generation at the facility which had been beset by problems like equipment failure and a financial crunch.
Jeffrey R Immelt, global chairman of General Electric Company was in New Delhi on Thursday as part of his three-day visit to India
India on Wednesday offered Qatar a 10 per cent stake in Petronet LNG Ltd to get the worlds largest liquefied natural gas exporter to sell 18 more LNG cargoes this year and agree on a long-term supply deal for meeting fuel needs of beleaguered Dabhol power plant.
The government is making all efforts to minimise the power crisis in Maharashtra by augmenting generation and purchase from other sources, Chief Minister Vilasrao Deshmukh said on Tuesday.
While the Northern states are overdrawing power in violation of grid discipline, one of the units of Dabhol plant has stopped operating and Tata Power has shut one 500 Mw plant for annual overhaul.
With this the curtain falls on all legal proceedings in India and abroad involving the two companies.\n
The Rs 3,200-crore (Rs 32 billion) Hazira LNG Pvt Ltd is expecting to land itself long term gas supply contracts to various domestic fertiliser and power producers, including the Dabhol project, by the end of this year.
US energy major Enron Corp's original contractors for the $2.96-billion Dabhol power project will complete the unfinished LNG terminal to restart the stalled 2,184 MW plant by next year.
The Maharashtra government will lend Rs 550 crore (Rs 5.5 billion) to Ratnagiri Gas & Power, earlier called Dabhol Power Company
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.
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