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DABHOL RESOLUTION 'IN SIGHT': INDIAN GOV'T.

Asia Africa Intelligence Wire

| May 31, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Asia Pulse)

NEW DELHI, May 31 Asia Pulse - Amid possibilities that power giant National Thermal Power Corporation may bid to acquire the 'defunct' Dabhol Power Plant, the government today said a resolution was 'in sight' to restart the over US$3 billion project in Maharashtra.

"We are in sight of a solution and there is no deadlock now," Union Power Minister P M Sayeed said.

He said the Centre had been keenly monitoring the progress on Dabhol and was eager to restart it at the earliest.

"The government is serious about it. The Empowered Group of Ministers constituted to look into the issue is having regular interactions and …

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