Orissa govt asks Maytas partner if it can go alone

Stung by the revelations in Satyam,the Orissa government has asked KVK Nilachal Power company to make it clear by next week...

Written by Priyadarshi Siddhanta | New Delhi | Published:January 22, 2009 12:55 am

Stung by the revelations in Satyam,the Orissa government has asked KVK Nilachal Power company to make it clear by next week whether it wants to continue to partner the IT giant’s infrastructure arm Maytas Infra or would it go alone in developing the 1,200-MW power project in Cuttack district. The Naveen Patnaik government has also asked the firm to spell out how it would raise the money if it went alone.

“We have asked KVK Nilachal whether it wants to continue with Maytas or would it prefer to go alone. In either case it will have to spell out how it intends to raise resources for executing the project,” Orissa Energy Secretary P K Jena told The Indian Express over the telephone from Bhubaneswar.

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