Maharashtra State Electricity Board (MSEB) yesterday annulled its contract with the Enron backed Dabhol Power Company in a further development in the long-running dispute surrounding the Dabhol power plant. The action is in retaliation to Enron’s decision to give preliminary notice – in effect giving six months notice to quit the $2.9bn project. Contesting the action, the DPC said in a statement, “it is clear that MSEB does not have the right to rescind the PPA as attempted in their letter,” and it would appear that the notice was a “deliberate attempt to further delay the resolution of difficult issues confronting the board”.
BP has signed a Build-Operate-Transfer [BOT] deal with the Vietnamese Government for the Phu My 3 power project. The deal is Vietnam’s first ever BOT power plant project. It comprises the government guarantees, the BOT contract, a gas supply agreement, a power purchase agreement and a site use agreement. The 720 MW plant includes two gas turbines, one steam turbine and three generators.
Philippine privitization legislation is facing strong opposition from the country’s power workers. The Federation of state union groups will stage a protest rally next Monday against the passage of the Power Reform Bill and the consequent privitization of the National Power Corporation. Confederation for Unity, Recognition and Advancement of Government Employees or Courage planned the rally to coincide with the start of Congress’ special session and on May 31, the expected date of President Gloria Macapagal-Arroyo’s signing of the bill into law. Santiago Dasmarinas, Courage First Vice President said that through this rally, “we would like to relay to the President our extreme and strong opposition for the passage of the Power Reform Bill.”
Xeline Co., the Korean Internet service provider has signed a contract with Australia’s Great Southern Energy (GSE) to cooperate in the development of power line-based Internet services. Under the agreement, the Xeline and GSE will initially test-supply Internet services on electric line to 80 houses in the four Australian regions of Leeton, Moruya, Queanbeyan and Crookwell from later this year until March 2002. Both firms plan to commercialize the service in Australia and New Zealand in the second half of next year.
Korea’s electricity consumption in April reached 20.92 billion kWh, up 9.6 per cent from the same period last year, the Commerce, Industry and Energy Ministry said today. The April consumption growth is also 2.7 percentage points higher than the 6.9 per cent rise registered in March. Power demand for industrial use, which is used for a business coincident index, came to 11.64 billion kWh, up 4.7 per cent from a year earlier.
Delhi Electricity Regulatory Commission, announced electricity price increases on Thursday. Electricity will be costlier in the capital by about 15.7 per cent from June 1 and domestic consumers will have to pay about 22 per cent more under the new power tariff. However, the “poorest category of consumers” in the power consumption level of about 50 units per month, “which is estimated to meet their minimum requirement”, have been insulated by way of a “lifeline” rate of 125 paise per unit, said the Delhi Electricity Regulatory Commission Chairman.
MSEB/Enron. … BP … Philippine privitization. … Xeline Co … Korea’s electricity consumption. … Delhi Electricity Regulatory Commission.