NTPC proposes to add Dabhol to Telangana package.

To help the cash-strapped Ratnagiri Gas and Power Pvt. Ltd. (RGPPL) tide over the tough times, state-run NTPC Ltd., which owns 32.86% stake in the utility, has proposed that electricity generated from the Dabhol power plant be made a part of the Telangana package.

NTPC, which has invested Rs.974.31 crore in RGPPL, has communicated the proposal to the power ministry. The other stakeholders in RGPPL are GAIL (India) Ltd., which also owns 32.86% in the utility, the Maharashtra government with a 17.41% stake, and state-run banks and financial institutions.

'The project is lying idle. We want Dabhol to be pitched for as a part of the Telangana package. It will take around four years to build a new power project to cater to the demands of Telangana,' said an NTPC executive requesting anonymity. 'In such a scenario, it makes sense to leverage a capacity which is lying idle.'

LIVEMINT