Dabhol Settlement Receives Another Blow

May 24, 2005 (Rediff.com, India) — The plan to restart the ill-starred Dabhol power project has received another blow with two of the 19 foreign banks involved in financing the plant refusing to sign the proposed settlement with Indian banks. The settlement plan included steps to buy out the exposures of two export credit agencies -- Japanese Exim and US ExIm, and then OPIC's USD $225M exposure. Also read "Is Dabhol to Blame for Maharashtra's Woes?" (May 19, 2005, Rediff.com)