Lenders to the Dabhol Power project have mandated their engineer, Stone and Webster, to do a costing study on the implications of mothballing the second phase of the project.
The issue is whether to close it now or wait till the civil work on the project is over.
Enron has made it clear that it wants to pull out of the second phase unless issues relating to the power purchase agreement are resolved and the government of India makes a firm commitment on the offtake of power.
IDBI executive director RS Agarwal, who was present at the two-day lenders
