Published On:December 26 2013
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Damodar Valley Corporation power project stares at dead end.
Damodar Valley Corporation (DVC) was one of Jawaharlal Nehru's 'temples of modern India'. But decades of conflict with beneficiary state governments and mismanagement have turned the eastern powerhouse into a 'temple of doom', presiding over a financial dead end.
In a confidential report to the power ministry, Arup Roy Choudhury, chairman of India's biggest generation company NTPC, said the government should either give the company a complete makeover or consider pulling the plug. Roy Choudhury was last month given additional charge of DVC.