Abstracts » Business, international

NATIONAL POWER ACQUIRES 36% IN NORTH MADRAS PLANT

Article Abstract:

The National Power Company of UK has bought a 36 percent stake in the $1.2 billion North Madras Power Project being developed by Videocon Power. Videocon Power will now be left with a 38 percent holding in the 1050 mw power project. Asea Brown Boveri of Sweden, which is the operation and maintenance contractor for the project, will hold a 26 percent stake. The first unit of 525 mw is to be commissioned within 42 months after achieving financial closure while the second phase will require another 46 months. (khr)

Asset sales & divestitures, Acquisitions & mergers, National Power Corporation, Videocon Power

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MSEB MAY DEFUSE STATIONS WHEN DPC GOES OPERATIONAL

Article Abstract:

The Maharashtra State Electricity Board (MSEB) is likely to wind up its thermal stations once the Dabhol Power Company (DPC) starts operating. DPC is likely to supply over 4,000 million units of electricity to the Maharashtra State power grid. This may turn Maharashtra into a power surplus State. After commissioning of the DPC project, there may not be enough customers in the State to buy electricity. The installed capacity of MSEB is 8,231 mw and that of DPC 2,450 mw. (gs)

Production management, Dabhol Power Co., Maharashtra State Electricity Board

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