• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , Aug. 13

FREE power to farmers, coupled with the idle Rs 12,000-crore Dabhol power plant, will not only shoo away much-needed private sector investment in Maharashtra; it may mean no more financial assistance from World Bank for development of the power sector, according to Dr Madhav Godbole, who had headed the Godbole committee for resolving the Dabhol dispute.

Mr Godbole, who had made recommendations for restarting Dabhol, said that the 2,187-MW plant is lying idle because the customer, MSEB, said that it was unable to pay for its expensive power.

This would discourage private sector investments in power, he said.

"Subsidies to farmers will benefit only the rich ones. The Government will have to bear a burden of Rs 3,500-4,000 crore on these subsidies to farmers and powerloom units. This, coupled with the Dabhol plant lying idle, will turn away private sector investors.''

More Stories on : Power | Maharashtra

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Joint study group mooted to boost Indo-Japan ties

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line