TABLE 9.8
                  Status of Eight Fast Track IPPs approved for GOI Counter Guarantees
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S.	 Name of Project/State/Promoters	 Capacity  Provisional	Latest Position     
No.		                                   (MW)	      Cost	(as on January 30, 1997)
                                                           (Rs. Crore)
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1.	Dabhol CCGT, Phase-I/ Maharashtra	      740	2912	Project under construction.
	(M/s Dabhol Power Company-promoted by			
	Enron, Bechtel and General Electric)

2.	Jegurupadu CCGT/ Andhra Pradesh	              216	816	Project under construction.
	(M/s GVK Reddy)			                                First three units of the 
				                                        project commissioned.

3.	Godavari CCGT/ Andhra Pradesh	              208	748	Project under construction.
	(M/s Spectrum Power Generation)			                One unit commissioned.

4.	Ib Valley TPS, Units 3 & 4/ Orissa	      420      1994	Counter Guarantee issued.
	(AES Transpower, USA)			                        Project being renegotiated
				                                        by Government of Orrisa/OSEB.

5.	Neyveli (Zero Unit)/ Tamil Nadu	              250      1200	Power Purchase Agreement
	(ST-CMS Electric Co.)			                        (PPA) finalised.

6.	Mangalore TPS/ Karnataka,	             1000      3948	PPA being finalised.
	Mangalore Power Co.	
	(a subsidiary of Cogentrix Inc., USA.)

7.	Visakhapatnam TPS/ Andhra Pradesh	     1040      4797	PPA being finalised.
	(Ashok Leyland and 			
	M/s National Power Plc., U.K)

8.	Bhadravati TPS/ Maharashtra	             1072      4362	PPA being finalised.
	(M/s Nippon Denro Ispat Ltd.)
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From the database of Ministry of Finance disseminated on Internet through NICNET