Power Play
- lowering interest rate to 10 per cent from 12 per cent (rates have already been brought down from 18 per cent to 12);
- waiving all customs duties from the start which means refunding DPC what it has already paid;
- waiving all sales tax and other levies on fuel, be it naphtha or LNG; and
- asking MSEB to start buying power with immediate effect to ensure a monthly cash flow. Finding a buyer would also mean sorting out DPC's legal cases including one in the Supreme Court, 11 writ petitions in the high court, one civil suit by FIs, one by MSEB, one in the London High Court, three arbitrations and one reconciliation.
see diagram
buying
