Dabhol power plant will be revived: NTPC CMD Arup Roy Choudhury.

The Dabhol power plant, which is grappling with gas shortage and debt woes, will be revived and many options are being considered for the facility in Maharashtra's Ratnagiri district, NTPCChairman and Managing Director Arup Roy Choudhury said. 'Dabhol will be revived. How can we afford in a country to leave one project to get killed by itself ? There are many options which are being considered and it has to be revived,' Roy Choudhury said on the sidelines of the BITOSA Conclave.

The Dabhol project, comprising 1967 MW of power generation capacity, a regasification plant and other facilities, is operated by Ratnagiri Gas and Power, owned by NTPC and GAIL India. The project had hit several snags since work started in 1992, from controversies over power purchase price to initial developer Enron's bankruptcy and over ownership, before the two staterun companies agreed to take over it. While they own 32.86% each, the remaining stake is held by MSEB Holding Company and financial institutions.


ET