Mumbai: The meeting of Indian and foreign lenders to Enron's Dabhol Power Company (DPC) has once again spilled over for the third day as no conclusion was arrived on the bidding process of the idle 2,184 mw plant.

"Discussions have spilled over to the third day here as we are yet to stamp our approval on some core issues and concerns put forward to us by DPC and the bidders," a senior FI official told reporters on February 21 from Singapore.

Atleast 20 leading financial institutions including the Industrial Development Bank of India (IDBI), ICICI Ltd, State Bank of India, Overseas Private Investment Corporation and ABN Amro are participating in the discussions to further facilitate the sale of the three billion Dollar power plant.

The meeting, which commenced on February 20 was supposed to end on February 21, has been hosted by ABN Amro in the city-state.

The lenders are scheduled to finalise the entire bidding procedure and dates for the due diligence to be carried out in London by interested parties, probably by next week.

"We shall also take a decision on when to invite final bids after the due diligence is over," he added.

In all seven domestic and international energy majors have submitted their expression of interest and paid mandatory non-refundable $ 100,000 to IDBI for the sale.

The companies are Tata Power Company, BSES Ltd, Reliance Industries Ltd, Gas Authority of India Ltd, British Gas India Ltd, Gaz de France, Shell India Private Ltd.

Indian FIs have an exposure of over Rs 6,200 crore in the project and have over Rs 5,000 crore credit locked in it.

PTI