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GAIL, Tata, BP to bid for Dabhol
NEW DELHI,
APRIL 5.
GAIL (India) Ltd, Tata Power and British Petroleum today signed an agreement to jointly bid for acquiring Dabhol power plant and the adjacent LNG terminal in Maharashtra.
"GAIL, Tata Power and BP will now jointly engage with Dabhol stakeholders and other decision makers to understand and structure an economically viable solution for the project," a statement issued by GAIL said here.
Earlier Tata Power, Gail and BP had submitted separate expressions of interest to Industrial Development Bank of India for the potential sale of sponsor's equity in 2001, the statement said.
— PTI
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