Rediff Logo
Money
Line
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding | Women
Partner Channels: Auctions | Auto | Bill Pay | IT Education | Jobs | Lifestyle | Technology | Travel
Line
Home > Money > PTI > Report
April 27, 2001
Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      



 
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page

Maharashtra CM hopeful of renegotiation with Enron

Maharashtra Chief Minister Vilasrao Deshmukh said on Friday that he was hopeful of renegotiating the power purchase agreement with Enron-promoted Dabhol Power Company even though the US energy giant was contemplating serving of notice terminating power supply to the state.

Deshmukh told reporters in Bombay that the central government too had favoured renegotiation in light of the report submitted by the Godbole panel.

Asked what would be the stand of the Maharashtra government if the DPC management, empowered to terminate PPA with MSEB by Enron's board, went ahead and served the notice, the chief minister said, "Just as they have their rights, we too have our own."

Deshmukh on Thursday had said that the termination of the PPA between DPC and MSEB would be harmful to both the parties and requested Enron not to take any 'harsh decision' in the matter, precipitated by piling up of payment arrears due to DPC.

He rejected a suggestion that termination of the controversial project would affect the flow of foreign investment into the state and the country.

YOU MAY ALSO WANT TO SEE:
MSEB pays Rs 1.34-bn March bill under 'protest' to DPC
Enron moves towards ending Dabhol deal: Reuters
Enron's decision 'unfortunate': Maharashtra CM
Foreign firms exit as India fights Enron: Reuters
History of Enron's Dabhol power plant: Reuters
'DPC re-negotiation panel in 2 days'
Enron says it has no plans to divest stake in DPC
'I think there will not be many takers for Enron's stake in DPC'
Enron may sell majority stake in India: Reuters
DPC slaps 2 notices on Maharashtra, MSEB
Godbole report hits out at DPC
DPC serves arbitration notice on Maharashtra govt
Godbole report tabled; moots renegotiation with Enron
Set up probe panel to look into Enron PPA: Godbole panel
DPC invokes counter-guarantee again
Sucheta Dalal on the Enron problem reaching a flash point
The Money Interview/Enron Action group

Back to top
(c) Copyright 2000 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Tell us what you think of this report