Dabhol lenders willing to back PPA termination

  • 08/05/2001

  • Business Standard (New Delhi)

The Maharashtra government's tough stance, combined with the Centre's silence on honouring its counter-guarantee for December last year which has been invoked by the Dabhol Power Company, has left the lenders to the project with no choice but to say yes to DPC's plan of serving the power purchase agreement termination notice.