The trouble-torn 2,184 mw Dabhol Power Project is all set to be restarted with GE, one of the major equity holder, slated to reach an agreement with Indian financial institutions by this month end."We will sign a comprehensive settlement agreement with the FIIs led by IDBI...This will put an end to all disputes," Scott Bayman, president and CEO, GE India, said today.Although he declined to give specific details of the settlement, sources said GE has agreed for settlement of dues at about $145 million. Bechtel, another partner is reported to have raised additional issues, while accepting an agreement of $160 million.GE and Bechtel together had purchased us major Enron's stake in Dabhol and have close to 85% stake."We want the plant to be restarted as soon as possible. The three companies -- Bhel, NTPC and GE-- are all capable companies and can start generation of electricity very soon," Bayman said.
