The Telegraph
Since 1st March, 1999
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Task force to monitor Dabhol revival

Mumbai, Nov. 23 (PTI): The government has set up a task force under the chairmanship of Union power secretary R. V. Shahi for keeping a check on the day-to-day progress towards resolution of the Dabhol Power Company (DPC) imbroglio and restart the idle power project.

“Both power and finance ministries have jointly set up the task force under the secretary,” Union power minister Anant Geete told reporters at the sidelines of a function organised by the Brihan Mumbai Electric Supply and Transport Undertaking (BEST) here today.

He said in order to further reduce DPC tariff, the power ministry has requested the finance ministry to lower the interest rates charged by the lenders to the project.

He said in a meeting held with finance minister Jaswant Singh, two days ago, these proposals were discussed to which the finance minister has assured him complete cooperation.

“The finance minister said his ministry shall facilitate reduction of interest rates as lowest as possible,” Geete added.

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