Based on our analysis of the renegotiations committee report in 1995 (which is based on the written consent of Enron and DPC), the affidavit by the then C.M. Mr. Manohar Joshi (August 1996), and the present financing structure of the project, it could be concluded that the fair cost of equity of the foreign promoters is not more than $ 320 million (Rs. 1,500 crores). This too is based on the condition that DPC completes the project to make it ready for power generation in the next six months, without burdening the project with any additional loans.