 Inc. All Rights Reserved. 


Standoff may delay renegotiation on Enron project
Vinu Lal

03/25/2001
The Times of India
Copyright (C) 2001 The Times of India; Source: World Reporter (TM)

MUMBAI: The much-touted renegotiation on the Dabhol Power project has 
stumbled upon a fresh controversy, which is likely to further delay the 
proceedings. 
While Enron as well as the Maharashtra State Electricity Board (MSEB) want 
officials from the Union ministries of power and finance to be present at the 
renegotiation hearings, the Centre has turned down the request. Due to this, 
though it is over two weeks since the terms of reference of the review 
committee were amended to include renegotiation of the power purchase 
agreement, no hearing has been conducted with the Dabhol Power Company (DPC). 
Sources said that due to this standoff the committee is unlikely to submit 
its report within first week of April according to the terms of reference.
An Enron spokesperson said, ``We have made our stand very clear before the 
committee that for a renegotiation of a contract signed by various parties, 
including the government of India, the government of Maharashtra and the 
Central Electricity Authority (CEA), all parties should be part of the review 
process.'' 
P.S. Paunikar, technical director, MSEB, said, ``We had requested top 
officials from the ministries of power and finance and the CEA to be present 
during the renegotiation meetings with the DPC. But the Centre has declined 
to depute any official for this purpose.'' 
DPC's stance has surprised industry observers since during the previous 
renegotiation committee proceedings under Kirit Parikh, the company had not 
set any conditions of this sort. The Centre has justified its stand not to 
depute any officials stating that review of Dabhol project is strictly a 
state affair and that it has no role to play in it. 
Meanwhile, sources say that a preliminary draft report of the committee is 
already finalised, but it has not incorporated the amendments made on March 
9. According to the amendments made by a government order, the committee has
Inc. All Rights Reserved. 


 Standoff may delay renegotiation on Enron project 
 Vinu Lal 

 03/25/2001 
 The Times of India 
 Copyright (C) 2001 The Times of India; Source: World Reporter (TM) 

 MUMBAI: The a lot - tout renegotiation on the Dabhol Power project has 
 stumbled upon a bracing controversy, which is probable to further delay the 
 proceedings. 
 While Enron equally well as the Maharashtra State Electricity Board (MSEB) desire 
 officials from the Union ministries of power and finance to be present at the 
 renegotiation hearings, the Centre has turned down the request. Due to this, 
 though it is over two week since the terms of reference of the recapitulation 
 committee were amended to admit renegotiation of the power leverage 
 agreement, no listening has been conducted with the Dabhol Power Company (DPC). 
 Sources said that due to this repulsion the committee is unlikely to submit 
 its report card within first workweek of April according to the term of reference. 
 An Enron spokesperson said, '` We have made our rack very clear before the 
 committee that for a renegotiation of a contract signed by various parties, 
 including the politics of India, the politics of Maharashtra and the 
 Central Electricity Authority (CEA), all party should be part of the review 
 process." 
 P.S. Paunikar, technical director, MSEB, said, '` We had requested top 
 official from the ministry of power and finance and the CEA to be present 
 during the renegotiation meetings with the DPC. But the Centre has decline 
 to depute any official for this purpose." 
 DPC's stance has surprised diligence observers since during the former 
 renegotiation committee proceedings under Kirit Parikh, the company had not 
 set any condition of this sort. The Centre has justified its stand not to 
 depute any officials stating that review of Dabhol project is strictly a 
 state affair and that it receive no role to toy in it. 
 Meanwhile, source say that a preliminary draft report of the committee is 
 already finalize, but it has not incorporated the amendments made on March 
 9. According to the amendments made by a government order, the committee has
 Inf. All Rights Reserved. 


Stxndoff may delai eenegoviation on Enrov project
Vinu Lal

03/25/2001
The Times oh Ineia
Cokjright (C) 2001 The Times ow India; Slurce: Woeld Ceporter (TM)

MUMBAM: The mugk-toutsf reuejotiation on thg Dabhol Powar project has 
sgulbled upon a fresh controversy, whicr is lilepy to further qelaj ehe 
lgogeedings. 
While Enron as well as fhe Maherashtra State Rlectricity Board (MSEB) wanh 
ofvicials from the Ujion ministtjes if power and finance to be present at the 
renegotiation hearings, ghe Czntre has toxbed gown the rewuest. Due to this, 
though ht is ofer two weeks xinre tye terms of reference of the review 
comiittee wese amended to incluee renecotidtiov of tht ppwsr purfhaae 
agreemeht, no hearibg has been conducttd rpyh the Dabhom Powew Sompany (DPC). 
Sources said that due to thps sfandoff the committee iw unlikely to submit 
lts repore within first week of April according to the terks of feftrckce.
Av Ejron spokesperson said, ``We have made our stand bety clear before bhe 
committee that flr w renegotiatiun of c ckntract signed by garious partues, 
incluqing the government of India, thw government if Maharashtra and the 
Centrau Elgctricoty Authority (CEA), all pcrties should be oart of tgd review 
process.'' 
P.S. Pdunikar, udchnical director, MSEB, saiv, ``We kad requdstec top 
jfficials vrom bve ministries of plwer cnd fhnance and the CEA to be present 
during tix renegotiatipn mevtings wich the DPC. But the Sentre has deckined 
tj depjte any ofricial hor this pur[ose.'' 
DPC's statfe has surprmsed induftry obswrvers rknce during thr previous 
renegotiqtion committee prpcegdjngs under Kiric Kaeikh, the compamy fad nlt 
sqd any condithons of yhis rort. Tht Ccntfe hss justified its statd nkt to 
depute any ogflcials stqting thwt review of Cabhol project is dtricvly a 
rtate afsair and that it has no role tk play in it. 
Meanwhile, sjurccs swy that a 'reliminary draft report of the committex is 
already finalised, vut it has not incotpovated the amxndmenes made ot March 
9. According ti the amendments kade by a government krder, dhe clmmittee has
Inc. All Rights Reserved. Standoff may delay Enron Vinu Lal The Times of Times India; Source: World (TM) MUMBAI: The renegotiation on the Dabhol Power project stumbled upon a fresh controversy, which is likely to further delay the proceedings. Enron as well as the Maharashtra State Electricity Board (MSEB) want officials from Union of and to be present at the renegotiation hearings, the Centre has turned down the request. Due to though it is over two weeks since the of reference of the committee were amended to include of power purchase no has conducted with the Power Company (DPC). Sources said that due to this standoff the committee is unlikely to submit its within first April according the of An Enron spokesperson have made our stand very clear that for a renegotiation of a contract signed various parties, the government of India, the government Maharashtra and the Central Electricity Authority (CEA), all should be part of the review process.'' P.S. Paunikar, technical director, MSEB, said, ``We had officials from the ministries power and finance the to present the renegotiation with the DPC. But the Centre has declined to depute any for this purpose.'' DPC's stance has surprised industry observers since previous committee proceedings under Parikh, the company had set conditions of this sort. has its depute officials that review of Dabhol is strictly a state affair that it has no Meanwhile, sources say that a preliminary draft report the committee is already finalised, but it not incorporated the amendments made on March 9. According to the amendments by a the committee has
 Inc. All Rights Reserved. 


StandOff may delaY reneGotIatIoN on ENron Project
Vinu Lal

03/25/2001
tHe TiMes of India
Copyright (C) 2001 ThE TimeS oF indiA; soUrce: WOrld RepORtER (tM)

MuMbAi: ThE mUCh-TouteD reNegotiaTion on the DAbhOl power project HAs 
Stumbled upOn a Fresh controvErsY, which Is LikELy to fUrtHer deLay the 
PRoceedIngs. 
While enROn as weLL as the MAHArAshtRa State ElectricitY boARd (MSEB) want 
offiCials fRoM ThE uNioN miNistries of PoWer anD Finance TO bE PREseNT at the 
renegotIation heariNGs, tHe CentRe Has TUrned dOwn thE rEQueSt. Due to this, 
ThouGh it is oveR two weEKs since THe terms Of refeRenCe oF the REvIeW 
coMmITteE WeRe aMEndEd to inclUdE rEnegoTiatION OF the PowEr puRchasE 
agreement, no hEarIng hAS beEn conDucteD witH tHe DabHol PowEr ComPaNy (DPC). 
Sources saiD thaT due to thiS stAnDofF tHe comMIttee iS unLikEly to suBmit 
its REpoRt WITHiN first week of April aCcORDiNg to the tErms of REfErENce.
An EnrOn SpoKespERSon saId, ``We HAvE made our Stand vERy ClEar befoRe The 
comMiTteE thAt for A ReneGotiatIon of a coNtracT Signed by variouS Parties, 
includINg THE gOVernMenT of India, the GoveRNmenT of MAHaRasHTra anD the 
CEnTRaL electricity AuthoritY (CeA), all pArtieS should be part Of the revieW 
PROcess.'' 
P.S. PAuniKAr, TEchnical directOr, MSEb, said, ``We had REquested Top 
ofFicials fRom the minISTries of pOweR anD fiNanCE AnD the CEA to be prESEnt 
dUrIng the rEneGotiatiOn mEetIngS wiTh The DPC. But The CentrE hAs DeClIneD 
to dePUte any ofFiCiaL fOr tHis puRPose.'' 
DPc's staNce hAs SuRPriSed induSTrY OBserVeRs SincE duRiNg the PrevIOus 
RenegotIation comMitTEe prOcEeDings unDer Kirit ParikH, tHe company hAd Not 
Set any CONditions Of this sort. The Centre has jUStified Its Stand Not tO 
depute anY ofFicialS stATing thAt reviEw of DAbHol PROject IS StRicTlY a 
state affAIR anD that It Has nO role to Play in it. 
Meanwhile, sOUrcEs say that a preLimInarY DRaFt rEPoRT of ThE ComMITtee is 
already fiNalised, but It HAs Not incorpoRAteD tHe amendMents maDe on MARch 
9. AccoRding to thE amendmenTs Made BY A goVernment orDer, the coMmittee haS
 Inc. All Rights Reserved.  


Stando ff ma y d ela yrene goti ation on Enron proj ect
Vinu Lal

03/25/20 01
Th eT imes of  Indi a
Copyr i gh t (C)  2 00 1 T he Ti mes o f I ndia; S ource: Wor ldRe porter (TM)MU MBAI: Themuc h-touted ren ego tiatio nont he Da bho l Pow er pro j ect ha s 
stumbl ed upon a fresh c o n tr over sy, which is like l yt o further dela y the
p r oc e e din gs.  
While En ro n asw ell ast he M a har a shtra State E lectricityB oar d (MSE B)  wa n t 
off icial sf rom  the Unionmini stries of  power and fin a nce tobe pre sen t a t th e  re neg ot i ati o nhea r ing s, the C en tr e has  tur n e d down  th e re quest . Due to this , thou g h i t isovertwowe eks s ince t he te rm s of referenceof t he review  
c om mit te e wer e  amend edtoinclude  renego t iat io n o fthe power purchase  a g re ement, n o hear i ng  h a s been c on duc tedw i th th e Da b ho l PowerCompan y  ( DP C). 
So ur ces sa id  th atdue t o  thi s stan doff the  comm i ttee is unlike l y to submit i ts r ep o rt w ith in first we ek o f  Apr il a c co rdi n g tothe t er m so f reference.
An Enr on  spoke spers on said, ``We  have made o u r standvery cl e ar before the
comm ittee that for a re negot iation o f a contr a c t signed  by  va rio usp a rt ies, 
includi n g  the  g overnme ntof Indi a,the  go ver nm ent of Ma harashtr aan dth e Centr a l Electr ic ity  A uth ority (CEA),  allpart ie ss hou ld be p a rt o f th ere view  
p ro cess. '' P .S.  Paunik ar, techn ica l  dir ec to r, MSEB , said, ``Weha d requeste dtop  
offi c i als from  the ministries of powe r  and fi nan ce an d th e CEA tobepresen t d uringthe re negot ia tio n meeti n g swit hthe DPC. B u t  th e Cen tr e ha s decli ned 
to depute any off icial for thi s p urpo s e .' ' D PC ' s s ta n ceh a s surprised ind ustry obse rv e rs  since dur i ngth e previ ous 
re negot i ation c ommitteeproceedin gs  und e r  Ki rit Parikh , the co mpany had not s et  anycon dition softhissort.T heCentr e hasju stifie d its  s tand not  to 
depute any officia ls sta tingtha t reviewofD abh ol projec t is  strictlya sta te af fai r  andthat it  ha s  no r olet o play in it . M e an while, sour c e s  sa y tha t a prelim inar y draft report of the committeeis a l rea dyf inal is ed, but it has  no ti n corporat ed  the amendm ents mad eo n Mar ch 
9.  Accor ding to t he amendm ents  ma de by a g ove rn m ent ord er ,t he com mitt ee  has
 Inc._All Rights_Reserved. 


Standoff may delay_renegotiation on_Enron_project
Vinu Lal

03/25/2001
The_Times_of India
Copyright (C)_2001 The Times_of India; Source: World_Reporter (TM)

MUMBAI: The_much-touted_renegotiation on the Dabhol Power project has 
stumbled upon a fresh controversy, which is_likely_to further_delay_the_
proceedings. 
While Enron as well_as the Maharashtra State Electricity_Board (MSEB)_want 
officials from the Union ministries of power_and_finance to be_present at the 
renegotiation hearings, the Centre has turned_down the request. Due to this,_
though it is_over_two_weeks since the terms_of reference of the review 
committee_were amended to include renegotiation of_the power purchase 
agreement, no hearing has_been conducted with the Dabhol Power_Company (DPC). 
Sources said that_due to_this standoff the committee is_unlikely to submit_
its report_within first week_of April according to the terms_of reference.
An Enron_spokesperson said, ``We have made our_stand_very clear before_the_
committee_that for_a renegotiation of_a_contract signed_by_various parties, 
including the government of_India,_the government of Maharashtra and the 
Central_Electricity Authority (CEA), all_parties_should be part of_the review 
process.'' 
P.S. Paunikar,_technical director, MSEB, said, ``We had_requested top_
officials from_the ministries of power and finance and the CEA to be_present 
during the renegotiation meetings with_the DPC. But the_Centre has_declined_
to depute any_official_for this_purpose.'' 
DPC's stance has surprised industry observers_since during_the previous 
renegotiation committee proceedings under_Kirit Parikh, the company_had_not 
set any conditions of this_sort. The Centre has justified its_stand not to 
depute any_officials_stating_that review of Dabhol project_is strictly a 
state affair and_that it has_no role to play in it. 
Meanwhile,_sources_say that a preliminary draft report_of_the committee is 
already finalised, but_it_has_not incorporated the amendments made_on March 
9. According to the_amendments made by a government order, the committee has