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Hindujas keen on buying Enron`s DPC stake
Close on the heels of Tata Power, the Hinduja Group on Tuesday evinced interest in buying US energy major Enron`s stake in the $2.9 billion controversial Dabhol Power Project.
Close on the heels of Tata Power, the Hinduja Group on Tuesday evinced interest in buying US energy major Enron's stake in the $2.9 billion controversial Dabhol Power Project.
"We may get in touch with them (Enron) once we are sure that they are keen on withdrawing," R J Shahaney, chairman of Ashok Leyland, the flagship company of the Hinduja Group, said on phone from Chennai.
The Hindujas offer came within a week of the group company asking the government to withdraw the show-cause notice served on the Ashok Leyland led consortium on the eligibility of their bid for Indian Airlines and Air-India.
"Prima facie it (Dabhol project) is a good project," he said, adding experts from within the group are already studying the project which is marred by the controversy and a legal tangle over price and cost of power.
Last week, Tata Group chief Ratan Tata had evinced interest in buying out Enron in Dabhol Power Company (DPC) within a week of US energy giant proposing to the government to sell its stake in the face of the stand-off between DPC and Maharashtra.
Shahaney said any decision on buying Enron stake would depend on tariff proposal which comprise capital and fuel cost and added that the possibilities of alternate fuel for bringing down the cost of power should be explored.
Bureau report
"We may get in touch with them (Enron) once we are sure that they are keen on withdrawing," R J Shahaney, chairman of Ashok Leyland, the flagship company of the Hinduja Group, said on phone from Chennai.
The Hindujas offer came within a week of the group company asking the government to withdraw the show-cause notice served on the Ashok Leyland led consortium on the eligibility of their bid for Indian Airlines and Air-India.
"Prima facie it (Dabhol project) is a good project," he said, adding experts from within the group are already studying the project which is marred by the controversy and a legal tangle over price and cost of power.
Last week, Tata Group chief Ratan Tata had evinced interest in buying out Enron in Dabhol Power Company (DPC) within a week of US energy giant proposing to the government to sell its stake in the face of the stand-off between DPC and Maharashtra.
Shahaney said any decision on buying Enron stake would depend on tariff proposal which comprise capital and fuel cost and added that the possibilities of alternate fuel for bringing down the cost of power should be explored.
Bureau report