Centre working on DVC revival plan: Goyal

Government is working on a sustainable plan to revive Damodar Valley Corporation (DVC) by ways of cutting losses and finish incomplete projects, Union Coal and Power Minister Piyush Goyal said here today.
"Things were not done properly for over the years because of which DVC has become a loss making company. DVC is not able to complete its ongoing programmes... It is unable to do as much as it should have done. But the good news is that in the last few months we have a focussed effort to set DVC right," Goyal told reporters on the sidelines of a programme of the BCC&I here.

He added, "This year we will bring down the losses significantly. We are working on a sustainable plan on how these incomplete projects can be completed and their interest burden and the losses can be brought down. How it can embark on improving its technologies in the plant."
The Narendra Modi government believes that ownership is not an important factor to determine whether an organisation or a body or a government is run well, he said adding that "it is leadership and vision which define the success of an organisation".
"I can assure you that the Centre is providing leadership and a vision to DVC to make it a very strong organisation. Its ownership is of the government and will continue in the foreseeable near future," Goyal said.

Talking about NTPC's involvement in reviving DVC, Goyal said the two organisations are in talks with each other. "And I can assure you that they are all working as an organic entity to support each other's long term interest and problems... Very soon you will hear from us."
DVC will once again become a jewel of India and not only become profitable but serve the people in a much better fashion, he said.