Revision in the existing equity structure of DPC came from Enron which holds 65 per cent equity in DPC. In phase-I, Enron held 50 per cent stake, the Maharashtra State Electricity Board (MSEB) 30 per cent, and GE and Bechtel 10 per cent each.

In phase-II, however, the MSEB was not able to bring in finances. As a result, its equity came down to 15 per cent, and that of Enron went up to 65 per cent. "A couple of weeks back, we applied with the Foreign Investment Promotion Board," an Enron spokesman told The Financial Express. He added that Enron likely to be recast has appointed Credit Suisse First Boston as advisers to suggest the appropriate way to sell 15 per cent equity.

The CCEA is also expected to take a decision on the expansion of the captive power plant (CPP) of Nalco. The Public Investment Bureau (PIB) had cleared the proposal for expansion last year.

As per the proposal, the eighth CPP is to be set up with a capacity of 120 megawatt and will cost Rs 465 crore.

Another important issue is the setting up of a greenfield zinc smelter by HZL at Kapasan in Chittorgarh, Rajasthan. Based on the feasibility report by Kvaerner Metals of the UK, the public sector zinc major proposed a new smelter with a capacity of 1,00,000 tonnes per annum. The PIB had cleared the project last year.

There is also an investment proposal by Digital Future of The Netherlands.