The transfer of assets of the erstwhile Dabhol Power
Co to the newly-formed Ratnagiri Gas & Power is likely to take place by
end-September 2005.
Gail (India) and NTPC -- the principal promoters
of RGPPL -- are working out the modalities of the asset transfer.
RGPPL, it is learnt, has preferred an outright
sale of assets instead of the debt recovery tribunal route that would involve
open bidding.
For recent stories relating to the Dabhol power
project revival, click here.