Calcutta, July 23 :    Calcutta, July 23:  Durgapur Projects Ltd, the sick state-owned power generation company, is set to report a loss of over Rs 65 crore for the year ended March 31, 2000. This will increase the accumulated loss of the company to over Rs 260 crore, completely wiping out its net worth which stood at Rs 163 crore. Although the erosion of its net worth makes the company a clear case for the Board for Industrial and Financial Reconstruction (BIFR), the state government is yet to take a decision on the issue. The state power minister Mrinal Banerjee, however, was not available for comments despite several attempts. DPL sources said the unviable cokeoven plant and the closure of five of the plant's six power generation units were responsible for the company's huge losses last year. 'The cokeoven plant, which has five batteries, has a coal washing capacity of 1.8 million tonnes per annum. But it could produce barely 20,000 tonnes in two units, which are running,' they said. The company's power generation has also been drastically reduced since only the sixth unit with a 110 MW capacity was available for generation. 'The other five generation units have been undergoing overhauling at an investment of Rs 363.45 crore and the project will be completed in 29 months,' they added. Durgapur Projects is in the process of producing low ash coke through an effective admixture of indigenous and imported coking coal. A senior official said the company was currently looking at the marketability of such coke in the local market. 'We are in talks with a couple of marketing organisations in this regard and hope to taking a decision soon,' he said. The official, however, refused to divulge the names of the organisations and the size of investment required for this project. The state government is at present contemplating various options to bring the company out of the red. Sources said the conversion of a part of the government loan into equity was also being considered to shore up the capital base of the company. Further, the government is also weighing the option of merging DPL with the West Bengal Power Development Corporation. However, no decision has been taken yet, the official said.