The central government will step in to start the Dabhol power project only after the Maharashtra State Electricity Board (MSEB) and the Industrial Development Bank of India (IDBI)-led lenders to the project reach an agreement on the tariff at which power will be evacuated from the facility.
The Centre would play a role only after MSEB and the lenders to the project arrived at a consensus on the tariff structure, power secretary R V Shahi said on the sidelines of a seminar on core sector reforms organised by credit-rating agency Crisil.
Responding to MSEB offer to buy electricity at Rs 2.25 per unit, Shahi said the fuel, naphtha, cost Rs 2.30 per unit for running the plant, and after exempting sales and excise duties the cost would come down to around Rs 2.23 per unit.