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Money > Business Headlines > Report September 26, 2001 |
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Maharashtra accepts Godbole panel recommendationsSwati Kulkarni in Bombay The Democratic Front government in Maharashtra has accepted the recommendations of the Enron negotiation committee, headed by Madhav Godbole, to minimise the power rate and dispose of additional power generated by the Dabhol Power Company to other states. Talking to newsmen the state Chief Minister Vilasrao Deshmukh said that the cabinet has taken a note of the committee's recommendations and all future negotiations would be based on these recommendations. All these recommendations would be made public soon, he added. One of the recommendations of the committee was that neighbouring states like Karnataka, Madhya Pradesh, Delhi, Rajasthan and Haryana would take interest in buying the power from DPC, if the power rate was between Rs 2.25 and Rs 2.40 per unit. The committee further recommended that:
The committee also suggested steps to reduce the power tariff:
Deshmukh said that since Enron had decided to dissociate itself from the DPC, the committee felt that it was not necessary to continue the negotiations. However, the state government could negotiate with DPC on the committee's recommendations, he added. Replying to queries about the judicial probe that was initiated by the state government last week, Deshmukh said that it has nothing to do with the Centre's efforts at resolving the Enron imbroglio. ALSO READ:
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