ANNEXURE __

"CLEARANCE" DATED 26/11/93 OF THE CEA TO THE DPC

Central Electricity Authority

Sewa Bhavan, R. K. Puram

New Delhi - 110066

No. 2/MHA/20/93-PAC/

26th November, 1993

M/s Dabhol Development Corp.,

P.O. Box 1188,

Houston, Texas 77251-1188

USA.

Subject : Dabhol CCGT Plant - 2015 MW (net) in Maharashtra by M/s. Dabhol Power Company Limited ( of M/s. Enron, USA )

Estimated Completion Cost : US $ 2828.524 million (Rs 9051.27 crores.)

Sir,

The above proposal of M/s. Dabhol Power Company Limited was considered by the CEA in 118th CEA meeting held on 12th November, 1993. The technical aspects of the scheme have been accorded clearance of the CEA subject to the following conditions :-

i) State Govt's approval to Ms/ DPC to establish, operate and maintain the power plant.

ii) Clearance of MOEF- for power plant and harbour / port.

iii) Clearance of port authorities for construction of the harbour / port.

iv) Clearance of NAA for stack height of 98m.

v) Clearance of CWC for water availability.

vi) Before starting Phase-II of the project, Maharashtra Govt/MSEB will ensure that the entire power from the project including off peak surpluses will be absorbed within the Maharashtra system or if necessary by entering into agreements with entities outside Maharashtra.

vii) MSEB will ensure completion of associated transmission system matching with the commissioning schedule of the project.

The aspect relating to import of fuel, foreign exchange outgo and deviation from Government of India's tariff notification including return on equity have been examined by FIPB and the project has been found acceptable by them.

Yours faithfully,

( V. V. R. K. RAO )

SECRETARY, CEA