Dabhol project to get escrow cover
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15/06/1998
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Business Standard (New Delhi)
The Maharashtra State Electricity Board (MSEB) plans to extend an escrow guarantee cover to Dabhol Power Company's (DPC) second phase of the power project. Due to the non-availability of a central cover for the second phase, DPC has held discussions with the state governemnt officials for an escrow cover. Sanjay Bhatnagar of Enron International said that they are currently in the process of assessing the size of the escrow corpus which their project will require.