Even as the Damodar Valley Corporation (DVC), along with its partner NTPC Vidyut Vyapar Nigam (NVVN), is gearing itself to supply power to Bangladesh, where it recently won a supply contract of 300 megawatt (Mw) of power for a 15-year time period, both are headed to be drawn into a legal battle on the same.
Piyush Joshi, partner with law firm, Clarus Law Associates, has recently filed a public interest litigation (PIL) in the Supreme Court against both these firms, challenging the legalities involved in the bidding process.
According to Joshi, who is also an energy practitioner and advises companies on their energy requirements, DVC’s submission of bid for sale of electricity to Bangladesh is void as it is a statutory corporation regulated by the DVC Act, 1948, and cannot sell electricity outside the designated area of Damodar Valley, which comprises the states of West Bengal and Jharkhand, according to Section 1(2) of the said Act. Read more
Latest posts by Business-Standard.com (see all)
- Domestic Crude Oil Production Down 3.70% In August 2018 - September 24, 2018
- GAIL (India) update on India’s first coal gasification based fertilizer plant at Talcher - September 24, 2018
- Tata Steel in focus after inking deal to buy steel business of Usha Martin - September 24, 2018