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NEW DELHI, May 30. IN view of Dabhol Power Company's (DPC's) willingness to reduce the cost of power from its project, the Union Power Minister, Mr Suresh Prabhu, has directed the Central Electricity Authority (CEA) to initiate discussions with power-deficit States on the quantum and price at which they are willing to purchase DPC power.
Contingent arrangements for evacuation of surplus power are being finalised, according to an official release.
Interestingly, the Centre has chosen CEA and not Power Trading Corporation (PTC) for this job although this is precisely the latter's line of business. Further, …