Dpcs Indian Lenders To Meet Govt Officials Today

Indian lenders to Dabhol Power Company (DPC) are slated to meet top government officials tomorrow to appraise them of the latest developments at the project site.

A team of lenders led by Industrial Development Bank of India chairman and managing director P P Vora will also make a presentation before senior finance and power ministry officials about the due-diligence exercise to be undertaken by Tata Power and BSES. The team will also brief the officials about the other companies that have shown interest in joining the fray to take over DPC. The meeting would be chaired by economic affairs secretary C M Vasudev.

So far, six companies have evinced interest in picking up the 85 per cent equity shared by Enron, GE and Bechtel in the 2,184 MW Dabhol Power Company. These are Tata Power, BSES, Gas Authority of India Ltd (Gail), Shell, TotalFinaElf and Gaz de France.

While players like BSES and Tata Power are interested in taking over the power plant, the other bidders who joined the race later seem more interested in Dabhol