Overseas Lenders Threaten To Quit DPC, Seek $339-m Repayment

Posted: Monday, Mar 17, 2003 at 0000 hrs IST
Updated: Monday, Mar 17, 2003 at 0000 hrs IST

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: Upset with the perennial delay in restarting the jinxed Dabhol plant, foreign lenders led by ABN Amro Bank NV have decided to pull the plug and exit from the project seeking repayment of loans of worth over $339 million.

Tatas, BP Talk To IDBI On Revival

Mumbai, March 16: Industrial Development Bank of India executive director AK Doda said Tata Power and British Petroleum are discussing with it on the ways to revive the troubled Dabhol plant.
The IDBI is also in constant touch with the Union power ministry for reviving the idle plant, Mr Doda told UNI here on Sunday, adding it will take some time for the deliberations to conclude.
Mr Doda said Maharashtra has agreed to purchase DPC power at Rs 2.80 a unit. He, however, said the price of the fuel will be passed on to consumers.
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