Govt Plans Open Bids For Dabhol

The government is planning to ask the financial institutions to call open bids for the $3-billion Dabhol Power Company. A final decision will be taken once the tariff re-engineering exercise for bringing the power cost below Rs 3 per unit is complete.

According to senior government officials, the bids could be floated without affecting the due-diligence process being undertaken by the two prospective suitors, Tata Power and BSES Ltd.