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Financial Crisis Spells Trouble for DVC
Aug 22:
Damodar Valley Corporation (DVC) is set to steer clear from investing in any new projects this year. Lack of funds, irregular fuel supply and failure to sign reliable PPAs are among the main reasons behind DVC stalling new projects. Approx 3580 MW of thermal projects and 1000 MW of solar projects will have to shelved for better times hopefully.
8The office of Executive Director (Projects) also confirmed that talks are underway for transferring projects from DVC to Neyveli Lignite Corporation India Ltd (NLC India). Other than new projects like the 1320 MW (2*660 MW) Raghunathpur TPS-II and two others, some running units are also under the scanner. According to the department, the deal is to be finalized by the end of this year.
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8The office of Executive Director (Projects) also confirmed that talks are underway for transferring projects from DVC to Neyveli Lignite Corporation India Ltd (NLC India). Other than new projects like the 1320 MW (2*660 MW) Raghunathpur TPS-II and two others, some running units are also under the scanner. According to the department, the deal is to be finalized by the end of this year.
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