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.
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.
Foreign lenders to Enron Corp's $2.9 billion stalled Dahbol power project said on Thursday they had launched arbitration proceedings in a London court to recover their loans and exit from the Indian project.
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
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
Pakistan's largest grouping of religious and extremist groups today said it would organise a 'long march' from Lahore to Islamabad on July 8 to protest the government's decision to reopen North Atlantic Treaty Organisation supply routes to Afghanistan.
Jamaat-ud-Dawa chief Hafiz Muhammad Saeed, who has a $10 million US bounty on his head, has made his informal entry in the political arena by moving the Lahore high court against the Pakistan's corruption-riddled and profligate ruling elite through his first ever 'political-focused' petition.
An alliance of over 40 religious and extremist groups forged by Lashkar-e-Tayiba founder Hafiz Mohammad Saeed has vowed to march to the Afghan border to force Pakistan government to close NATO supply routes.
Pakistan is a sovereign state and the Defa-e-Pakistan Council will not allow the country to become an "Indian market", Lashkar-e-Taiba founder Hafiz Mohammad Saeed said on Saturday.
The Defa-e-Pakistan Council, a grouping of 40 radical groups cobbled together by LeT founder Hafiz Saeed, has warned that it will not allow even food supplies for NATO forces in Afghanistan to pass through the country.
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 trouble-torn 2,184 MW Dabhol power project is all set to be restarted with General Electric, one of the major equity holders, slated to reach an agreement with Indian financial institutions by this month end.
Indo-US economic relations have vast potential but pending issues like the one about the failed Dabhol power project need to be resolved, US Undersecretary of State Alan P Larson told visiting Indian businessmen in Washington.
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.
The country's external intelligence gathering agency Research and Analysis Wing is in a fix as six of its senior officials have gone on leave after they were superseded by an IPS officer who came from the Intelligence Bureau.
State-run gas firm Gas Authority of India Ltd has joined hands with Tata Power Co Ltd and British Petroleum to bid as a group for bankrupt US energy firm Enron Corp's Dabhol power plant and LNG import terminal in Maharashtra.
With warring parties thrashing out a settlement over Dabhol Power Company, multinational power majors GE and Bechtel on Tuesday
The JuD's Muslim Medical Mission would request the Pakistani government for help in this regard.
The parliamentary standing committee on energy has asked the government to take result-oriented steps to revatilise the Dabhol power project.
Following the footsteps of State Bank of India and ICICI Bank, Canara Bank has classified its loan to Dabhol Power Company as a non-performing asset.
"Our case is very strong and moving in the right direction. More time would be required to complete the probe, and it would be decided at the time of producing Asaram whether to seek more time for police custody or judicial custody", Jodhpur DPC Ajay Pal Lamba told media persons in Jodhpur.
Prime Minister Narendra Modi has made a stunning entry into the top 10 list of Twitter users with a vast following, rocketing to the #2 spot.
The CAG audit may look into expenditure on printing of notes, RBI dividend payout and banking transaction data.
Prime Minister Modi felt there were too many silos with no arrangement to take a comprehensive view on national security. The PM has entrusted NSA Ajit Doval to evolve a comprehensive roadmap and get it implemented, reveals Nitin Gokhale, Editor-in-Chief, Strategic News International.
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