State govt finally approves purchase of Dabhol power.

(From The Economic Times)

: In an effort to tide over the acute energy crisis in Maharashtra, the state cabinet on Thursday cleared decks for power purchase from the idle Dabhol Power Company's (DPC) 658 MW phase one for Rs 2.80 per unit.

According to recommendations of the expert committee on energy set up under the chairmanship of chief secretary Ajit Nimbalkar, the Maharashtra State Electricity Board (MSEB) will buy DPC power at 83 per cent plant load factor with a pass-through component" on the naphtha prices, an official release said here.

The Nimbalkar committee has suggested the government inform the Industrial Development Bank of India …