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Efforts to resolve Dabhol debacle

NEW DELHI, MAY 7. A solution to the troubled Dabhol Power project appears to be in sight with IDBI-led financial institutions eager to thrash out their disputes with offshore lenders at the forthcoming meet on May 12 in London.

Moves are also afoot to appoint the best technicians to restart the 2,184 MW power project estimated at over $3 billion (Rs. 13,500 crores).

Top officials of IDBI, ICICI Bank and SBI today apprised the Naresh Chandra Committee and Finance Ministry officials of the future course of action.

— PTI

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