Aes Keen To Take Over Dabhol Power

Global power giant AES Corporation is interested in taking over the Enron-promoted Dabhol Power Company. The $6.69 billion power major has already held discussions with the lenders of the project on the modalities of the takeover, top AES executives told Business Standard.

Sources said the AES brass in US is expected to visit India next month to hold detailed discussions with the government on a possible takeover of the $3 billion Dabhol project.

They added that AES, at a recent meeting with the domestic lenders led by Industrial Development Bank of India (IDBI), discussed the modalities of the takeover. When contacted, a DPC spokesperson, however, refused to comment.

According to AES sources, the move was part of its global strategy to increase the company