Domestic lenders to the Dabhol power project would hold talks with foreign lenders over two days here tomorrow to buy out the latter's debt exposure in the troubled project. | |
| "We are continuing with the discussions but have not arrived at any financial figures of the foreign debt exposure," FI sources said here today. |
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| The earlier round of talks between Indian and foreign lenders at Singapore in April had failed as the parties could not arrive at any conclusion. |
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| The Indian lenders have offered thirty cents per dollar of the exposure in the Phase I and 60 cents for the phase II of the 2,184 mw project. |
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| Most of the domestic lenders who have a collective exposure of about Rs 6,200 crore in the project have made provisioning towards the project. |
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| The total debt exposure of the foreign lenders is about Rs 2,000 crore. |
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