Panel rejects BICP report, accepts ICICI estimates

  • 02/02/1998

  • Business Line (New Delhi)

Setting aside the BICP estimate, the expert committee set up by the Centre to examine the cost of fuel for the 1,000 MW Ispat promoted Bhadrawati fast track power project, has concurred with the higher price worked out by ICICI, consultants to the Maharashtra State Electricity Board. The power project will source coal from Ispat's captive mines in the vicinity of the project site.