These projects would come up at Waluj (Aurangabad), Sinner (Nashik) - L&T (Rs 1.83 per unit), Kagal (Kolhapur) - Ashok Lyeland and Fiat (Rs 1.90 per unit), Mahad (Raigad) - L&T (Rs 1.82 per unit), Ranjangaon (Pune) - Natalco, B&V and S&S (Rs 1.85 per unit), Chincholikate (Solapur) - Deccan Chronicle and Malaysia Shipyards & Enggineers (Rs 1.85 per unit) and Wai (Satara) - Ispat Industries & PT Industries (Rs 1.88 per unit). These projects were offered during the Advantage Maharashtra conference and the government had received in all 56 bids of which 43 were selected after assessment by the Crisil. MIDC considered 23 bids and out of which seven have bidders have been selected for theseprojects.

Maharashtra State Electricity Board chairman Asoke Basak said the MSEB would purchase power produced by these Independent Power Producers.Basak said that MSEB would soon sign power purchase agreement with these IPPs for the period of 15 years. He added that MIDC has already promised to reserve about 15 hectres of land for these projects.

According to Basak, the individual project would be commissioned within 15 to 21 months after the signing of PPA and financial closure.

On the payment of Rs 230 crore to the Dabhol Power Company on account of purchase of power, the chief minister Narayan Rane said that MSEB which has already picked up 30 per cent stakes has made a payment of Rs 180 crore. He said that DPC's per unit cost was Rs 3.01. He informed that the levelised tariff though was fixed at Rs 1.86 per unit during the revival of Enron project, it was based on the January 1, 1995 price.