 gas and power sector. 
Among other proposals cleared today was that of Bayer Industries to increase 
its stake in Bayer India Syntans, a venture engaged in manufacturing and 
marketing of leather chemicals and auxiliaries, from 70 per cent to 100 per 
cent. 
Bayer will buy out its joint venture partner Indian Syntans Group Rs 4.46 
crore. 
British Petroleum has been allowed to increase its holding in Tata BP 
Lubricants to 99 per cent from the existing level of 50 per cent. BP will 
acquire the shares for Rs 6.37 crore. 
Selviac Nederland BV has been allowed to increase its holding in Godrej 
Pillsbury to 56.50 per cent from the existing level of 51 per cent for a 
consideration of Rs 5.61 crore. Godrej Pillsbury manufactures wheat flour, 
cake/dessert mixes and canned vegetables. 
The government has also cleared applications of several companies for 
amendment to their foreign collaboration approvals. These include 
applications of LG Chemicals, IBM India, Osram GmbH and Nestle India.

Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


Nigeria blames US firm for delay in power project: report

03/24/2001
Agence France-Presse
(Copyright 2001)

LAGOS, March 24 (AFP) - Nigeria has blamed US power group Enron for delays in 
executing an electricity project in the economic capital Lagos, a press 
report said Saturday. 
The 800-million-dollar investment deal to supply electricity to the city grid 
was signed in December 1999 between Lagos State, the Nigerian state-run 
electricity operator NEPA and US power group Enron Inc.
Under the terms of the agreement, Enron was expected to complete the first 
phase of the project by December last year. 
A statement from the office of Nigeria's Power Minister Segun Agagu, cited by 
the newspaper This Day, accused the US company of not meeting the deadline. 
"NEPA and the government have exercised great patience and restraint in the 
face of these delays and breaches of contract," the statement said. 
It said however, that Nigeria "will continue to honour all obligations and 
commitments that
gas and power sector. 
 Among other proposals clear today was that of Bayer Industries to increase 
 its interest in Bayer India Syntans, a venture engaged in manufacturing and 
 selling of leather chemicals and auxiliaries, from 70 per cent to 100 per 
 penny. 
 Bayer will bribe out its joint venture partner Indian Syntans Group Rs 4.46 
 crore. 
 British Petroleum has been allowed to increase its holding in Tata BP 
 Lubricants to 99 per cent from the exist level of 50 per cent. BP will 
 grow the shares for Rs 6.37 crore. 
 Selviac Nederland BV has been allowed to increase its holding in Godrej 
 Pillsbury to 56.50 per cent from the existing degree of 51 per cent for a 
 consideration of Rs 5.61 crore. Godrej Pillsbury fabrication wheat flour, 
 cake / dessert mixes and canned vegetable. 
 The government has also cleared applications of several company for 
 amendment to their foreign collaboration approvals. These include 
 applications of LG Chemicals, IBM India, Osram GmbH and Nestle India. 

 Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


 Nigeria blame US firm for delay in power project: report 

 03/24/2001 
 Agence France - Presse 
 (Copyright 2001) 

 LAGOS, March 24 (AFP) - Nigeria has blamed US power group Enron for delays in 
 executing an electricity project in the economic capital Lagos, a press 
 report say Saturday. 
 The 800 - million - dollar investment deal to add electricity to the city grid 
 was signed in December 1999 between Lagos State, the Nigerian state - run 
 electricity hustler NEPA and US power group Enron Inc. 
 Under the term of the agreement, Enron was expected to complete the inaugural 
 phase of the project by December last year. 
 A statement from the office of Nigeria's Power Minister Segun Agagu, cited by 
 the newspaper This Day, charge the US company of not meeting the deadline. 
 " NEPA and the government have exercised big patience and constraint in the 
 face of these delays and breaches of contract, " the statement said. 
 It say however, that Nigeria " will continue to honour all obligations and 
 commitment that
 gad and power sector. 
Among other proposals clearxd todag was thxt of Bayer Industries to inrreawe 
itw stake in Bayer India Syntans, w venturw enjaged in manufacvhring akb 
maricting if leather chekicals and auxiliaries, fsoo 70 per cent to 100 per 
cent. 
Bayer will bty out otd joint venturg parunew Inspak Syntans Group Rs 4.46 
crore. 
Britisg Petroneum has been allowed to increase its hlldijg in Tata BP 
Lubrlcants to 99 ksr swnt from the existing level of 50 pet cent. BP will 
acquire the sharer for Rs 6.37 crore. 
Swlvldc Nederlanv BV hws been allowed to itcrease its holding ik Godcej 
Pillsbury to 56.50 per cenv from the existing jevel of 51 pzr cent for a 
consideearion mf Rv 5.61 cfire. Gosrxj Lillsbkry manufactudes wheat foour, 
cake/dessert micef and canned vsgetabjef. 
The government has also cleared applibatikns of several companiew for 
amendment to thgir foreigg collaboration approvals. These include 
applicatimns oh UG Emcmicxos, IBM India, Osram GmbH and Nestle India.

Copyrigrf, 2000 Dpw Jones & Compcny, Inc. All Righys Rrferved. 


Nigerix blamza HS firm for delay ln powet projwct: reporu

03/24/2001
Agenve France-Presse
(Copyright 2001)

LATOS, March 24 (AYP) - Nigeria has blameb US power gxoup Emron gor delays in 
executing an slectricity project jv the economic cxpinal Nagos, a kfess 
report said Faturday. 
Vhe 800-mnllion-doular invesement deal to sm[ply electricity tl the chty grid 
wws signed in December 1999 between Lagos State, thg Nhgegian statz-run 
ekectricity opqrator NEPA anb US powzr grojp Enron Ihc.
Under the terms jf the agreemajt, Enron was expecteq to complete tfd first 
phase pf the project by Dwcember last year. 
E stxfement from the ofdice of Nigeria'x Puwew Liiistew Segun Agagu, citdd cu 
the newspakzr Bhir Dau, accused the US com[any of not meeting thr qeadline. 
"NEPA anq the governmrnt have exercised greav patixnce amd testraint in the 
face of these selays anf bveaches of cogtragt," tre statemeut said. 
It said however, that Nigeria "wilo continue to honoyr all obligations cnc 
commitmenvs thae
gas and power sector. Among other proposals was of Bayer to increase its a engaged in manufacturing marketing of leather and auxiliaries, from 70 per cent 100 per cent. Bayer will buy out its joint venture partner Indian Syntans Rs 4.46 crore. British Petroleum has been allowed to increase its holding in BP to per from the existing level of 50 per cent. BP will acquire the shares for Rs 6.37 Selviac Nederland BV has been allowed to increase holding in Godrej Pillsbury 56.50 per cent from the level 51 per for consideration Rs 5.61 crore. Pillsbury manufactures wheat flour, cake/dessert mixes and canned vegetables. The government has also cleared applications of several for amendment foreign collaboration These applications LG Chemicals, IBM GmbH and Nestle India. Copyright, 2000 Company, Inc. All Rights Reserved. Nigeria blames US for delay power project: report 03/24/2001 Agence France-Presse 2001) LAGOS, March 24 (AFP) - Nigeria has US power group Enron for delays in executing an electricity project in the economic capital press report said Saturday. 800-million-dollar investment deal supply to city was signed December 1999 between Lagos State, the Nigerian state-run electricity operator NEPA US power group Enron Inc. Under the terms of the was to complete the phase of the project December year. A statement from of Power cited the This Day, accused the company of not meeting the "NEPA and the government restraint in the face of these delays and of contract," the statement said. It said that Nigeria "will continue to honour all obligations and commitments that
 gas and power sector. 
Among othEr proposalS cleaRed TodAy Was tHat oF Bayer IndustriES to iNcrease 
its stake in Bayer india syNTans, A VeNture Engaged IN mANUfaCtUrIng AnD 
MaRketiNg oF leatheR chemicals And AuXiliaries, froM 70 PeR cent to 100 per 
CenT. 
Bayer will buY ouT its joInT veNTure pArtNer InDian SyNTans GrOup Rs 4.46 
crorE. 
BRItish PETroleum HAS bEen aLlowed to increase iTS hOLding in Tata BP 
LUbricaNtS To 99 PER ceNt fRom the exisTiNg levEL of 50 per cENt. bp WIll 
ACquire the sharEs for Rs 6.37 crorE. 
selViac NeDeRlaND BV has Been aLlOWed To increase iTs hoLding in GoDrej 
PiLLsbury tO 56.50 Per cent From thE exIstIng lEVeL oF 51 peR cENt fOR a 
ConSIdeRation of rs 5.61 CrOre. GoDrej pILLSburY maNufaCtureS wheat flour, 
caKe/dEsseRT miXes anD cannEd veGeTableS. 
The goVernmEnT has also cleared ApplIcations oF seVeRal CoMpaniES for 
amEndMenT to theiR foreigN ColLaBORAtIon approvals. These iNcLUDe 
ApplicatIons of lg CHeMIcals, IBM inDia, osraM gMbH anD NesTLe india.

CopYright, 2000 dOw joNes & CompAnY, Inc. AlL RIghTs REservED. 


NigEria blAmes US fiRm for DElay in power proJEct: report

03/24/2001
AgenCE FRANcE-presSe
(COpyright 2001)

LAGoS, MaRCh 24 (AFp) - NigERiA haS BlameD US poWeR GrOUp Enron for delays in 
eXeCuting An eleCtricity projeCt in the ecoNOMIc capitaL LagOS, a PRess 
report said saturDay. 
The 800-millIOn-dollar InvesTment deaL to supply ELEctricitY to The CitY grID 
WaS signed in DeceMBEr 1999 beTwEen LagoS StAte, the NIgeRiaN stAte-RuN 
electricIty operaToR NePa aNd Us poweR Group EnrOn inc.
unDer The teRMs of thE agreEmenT, ENrON waS expectED tO COmplEtE tHe fiRst 
PhAse of The pROjeCt by DecEmber last YeaR. 
a staTeMeNt from tHe office of NigErIa's Power MiNiSteR Segun aGAgu, cited By 
the newspaper This Day, acCUsed the uS cOmpanY of nOt meeting The DeadliNe. 
"NepA and tHe goveRnmenT hAve EXErcisED GrEat PaTience and rESTraInt in ThE 
facE of thesE delays and breaches OF coNtract," the statEmeNt saID. 
it SaiD HoWEveR, tHAt NIGEria "will continuE to honour aLl OBlIgations anD 
ComMiTments tHat
 gas and power sector. 
Am ong otherpropo sal s c le ared  tod ay was that of Baye r Industries to increa se 
i ts stak e  i n Bay er Indi a  S y n tan s,  a  ve nt u re  enga ged  in man ufacturing  an d
marketing o f  l eather che mic als and auxi lia ries,fr om7 0 per  ce nt to  100 p e r 
cen t. 
Bayer  w i ll buy out its j oi nt v enture partner In d ia n  Syntans Group  Rs 4. 46 
c r o re.  
B ritish Pet ro leumh as been al l o w edt o increase it s holding i n  Ta ta BP
L ubr i cantsto 99  p e r c ent from th e ex isting le vel of 50 perc ent. BP  will
ac qui re t h esh are sf orR s6.3 7  cr ore. 
Se lv ia c Ned erla n d B V ha s b eenallow ed to increas e i ts h o ldi ng in  Godr ej Pi llsbu ry to56.50  p er cent from th e ex isting le vel  o f 5 1per c e nt for  a
co nsidera tion of Rs5. 6 1 cr ore. Godrej Pillsb ur y ma nufactur es whe a tfl o ur, 
cak e/ des sert m ixesandc an ned vege tables .  Th e gover nm ent ha sals o c leare d  app licati ons of s evera l  companies for 
amendment to th e i rf orei gncollaborati on a p prov als. Th ese inclu de 
a pp l ic a tions of LG Chemica ls , IBMIndia , Osram GmbHand Nestle I n dia.

Co pyri g ht ,  2000 Dow Jone s & C ompany, In c . All Ri ghtsReserved . 


Nige r i a blames  US  fi rmfor d el ay in power p r o ject :report
03 /24/200 1
A gen ceFra nc e-Presse(Copyrig ht  2 00 1) 

L AGOS, March 24  ( AFP )- N igeri a  has b lamed  USpo we r  gr oup Enr o nf o r de la ys  in
ex ec uting  ane lec tricity  projectint he e co no mic cap ital Lagos, a  p ress 
repo rt  sa id Sat u r day. 
Th e 800-million-dollar in v estment  de al to  sup ply elect ric ity to  th e  citygrid was s ig ned i n Dec e m be r 1 99 9 betweenL a gos  Stat e,  the  Nigeri an state-run 
elec t ric ity operatorNEP A an d US  po w er gro up Enr o n  Inc.
Under the  terms ofth e  a greement,E nro nwas exp ected t o com p lete th e first phase ofth e pr o j ect  by Decemb er lastyear. 
As tatem e nt  from  th e offi ce  of  Nige ria'sP owe r Min isterSe gun Ag agu,ci ted by the newspaper This Day,  accus ed th e U S company  of not  meetingthedeadline.
"N EPA  andthe gover nmen t  h ave exerc ised great pat i en cea n drestraint i n t he
face  of thesedela ys and breaches o f  contract," th e st a t eme nts aid.  It said howeve r,th a t  Nigeria  " will contin ue to ho no u r all  oblig ations  and 
c o m mi t mentsthat 
 gas_and power_sector. 
Among other proposals_cleared today_was_that of_Bayer_Industries to increase_
its stake in_Bayer India Syntans, a_venture engaged in_manufacturing_and 
marketing of leather chemicals and auxiliaries, from 70 per cent to 100 per_
cent._
Bayer will_buy_out_its joint venture partner Indian_Syntans Group Rs 4.46 
crore._
British Petroleum_has been allowed to increase its holding in_Tata_BP 
Lubricants to_99 per cent from the existing level of 50_per cent. BP will 
acquire the_shares for Rs_6.37_crore._
Selviac Nederland BV has_been allowed to increase its holding_in Godrej 
Pillsbury to 56.50 per_cent from the existing level of 51_per cent for a 
consideration of_Rs 5.61 crore. Godrej Pillsbury_manufactures wheat_flour, 
cake/dessert mixes and canned_vegetables. 
The government_has also_cleared applications of_several companies for 
amendment to their_foreign collaboration approvals._These include 
applications of LG Chemicals,_IBM_India, Osram GmbH_and_Nestle_India.

Copyright, 2000_Dow Jones &_Company,_Inc. All_Rights_Reserved. 


Nigeria blames US firm for_delay_in power project: report

03/24/2001
Agence France-Presse
(Copyright 2001)

LAGOS, March_24 (AFP) - Nigeria_has_blamed US power group_Enron for delays in 
executing_an electricity project in the economic_capital Lagos,_a press_
report said Saturday. 
The 800-million-dollar investment deal to supply electricity to_the city grid 
was signed in_December 1999 between Lagos_State, the_Nigerian_state-run 
electricity operator_NEPA_and US_power group Enron Inc.
Under the terms of_the agreement,_Enron was expected to complete the_first 
phase of the_project_by December last year. 
A statement_from the office of Nigeria's Power_Minister Segun Agagu, cited by_
the_newspaper_This Day, accused the US_company of not meeting the deadline._
"NEPA and the_government have exercised great patience and restraint_in_the 
face of these delays and_breaches_of contract," the statement said. 
It_said_however,_that Nigeria "will continue to_honour all obligations and 
commitments that