Maha to buy electricity from Dabhol power project
Maharashtra Government has agreed to buy electricity from the Dabhol power project at Rs 5.01 per unit and the plant is likely to be re-started by the middle of next month.
Ratnagiri Gas and Power Private Ltd, the new owner of the Dabhol project, and Maharashtra State Electricity Distribution company will sign an agreement for this purpose by tomorrow.
Maharashtra will buy upto 700 megawatt of power from block II, of the plant, which will be run on imported naptha.
The state has also agreed to buy power even if the tariff crosses Rs 5.50 per unit, the two sides informed power regulator CERC.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.