The
Dakshin Bharat Energy Consortium (DBEC) has been permitted to bring in $426
million as foreign equity for $1,246 million LNG cum 1800 MW power project coming
up at Ennore in Tamil Nadu.
The
total foreign direct investment in the project is around $1082 million of which
$656 million will be in the form of debt, and the rest in equity.
The
project has been now referred to the Cabinet Committee on Economic Affairs for
further clearance.