Promoter Mukul Kasliwal and main lender PFC trade charges of serious lapses

Responding to a petition, the National Green Tribunal (NGT) on Thursday directed the Madhya Pradesh government to resolve the rehabilitation issues of persons displaced by the Maheshwar dam project

BHOPAL: The acquisition of houses belonging to 6,500 families affected by the Maheshwar dam project lapsed on March 11, 2013 owing to failure of MaheshwarHydel Power Corporation Limited in depositi

Observing that Shree Maheshwar Hydel Power Corporation Ltd. (SMHPCL), the private promoters of the Maheshwar dam project, had failed to begin commercial operation and had no funds to complete the project and rehabilitate the displaced, the Madhya Pradesh Government has threatened to terminate the project’s power purchase agreement.

A notice of default, a copy of which is with The Hindu , was issued by the MP Power Management Company Ltd (MPPMCL) in November last year but came to light only last week.

BHOPAL: The state government has initiated legal proceedings to terminate power purchase agreement with Maheshwar Hydel Power Corporation Limited, starting with serving a legal notice of default to the promoters of the company. Delay in execution of the project is said to be the major reason for this action.

Notice has been served as project activities of the Maheswhar project are at a standstill and no funds are available for the completion of the project and rehabilitation and resettlement of the oustees. As no payments have been made, M/s BHEL and other contractors have withdrawn their personnel from the dam site.