Gail to pick up 10% equity in Doraha power plant

 According to a release issued by Gail to the BSE, the company and PSEB have recently signed the Heads of Agreement (HOA) for the supply of 4.5 MMSCMD of natural gas for the proposed mega power project, likely to be commissioned by the year 2008-09 at an estimated cost of Rs 3,500 crore.

This will be the second power project in which the company will take equity participation. The company has a 12% equity in the 156 MW power plant at Hazira of Gujarat State Energy Generation, the release added.