Dabhol power asset may soon turn into an NPA: SBI chief

Dec 17 2013, 00:43 IST
Comments 0
Summary'This is not the first time that RGPPL has paid installments at the last minute'

GAIL as and when available, is not sufficient to run even one of the six gas turbines at minimum operating parameters.

Bankers are now expecting to see some resolution on the gas supply issue in the January-March period. The gas-based power project has already gone through a process of financial restructuring in 2009. GAIL and NTPC hold 32.9% each in RGPPL, while the Maharashtra government holds 17.4%. Lenders IDBI Bank, ICICI Bank, State Bank of India and Canara Bank hold the remaining 16.8%.

Dabhol was allocated 7.6 million standard cubic meters per day of gas from KG-D6, but never received more than 3 mmscmd in three years of operations. Fuel supplies stopped in March after output at KG-D6 fell sharply. Maharashtra bought 95% of the plant's power, while Goa purchased 1%. Daman & Diu and Dadra and Nagar Haveli consumed 2% each.

Single Page Format
Ads by Google

More from Frontpage

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...