STILL FIVE MONTHS TO WAIT FOR ENNORE PPA

Vol 3, PW 14 (04 Aug 99) News in Brief
     

Negotiations for a Power Purchase Agreement (PPA) between the Siemens-led consortium and the Tamil Nadu Electricity Board (TNEB) are expected to last another five months.

A source at the Tamil Industrial Development Corporation (TIDCO) tells Petrowatch the PPA requires a number of state level clearances, including approval by the energy and finance departments of the state government of Tamil Nadu. He adds it is possible the PPA may also have to go to the office of the Chief Minister, Muthuval Karunanidhi, for approval.

"We expect delays when it gets to the chief ministers office", he confides. First shipments of LNG to Tamil Nadu are scheduled for 2003.