 walk 
away. It appeared they are willing to stay, but only without conceding too 
much. 
Top MSEB officials said as far as MSEB is concerned, "DPC power may be 
available, but we would not take it. We are not recognising the PPA any 
more". They said the board had given the option to the company saying it 
would buy power and make payments according to the PPA but on an ad hoc 
basis. The adjustments could be made at a later date. 
"However, they threw it back to us saying you cannot have your cake and eat 
it too. So we decided to keep the cake," a State Government official said. 
Our Bureau

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


INDIA'S DABHOL SHUTS POWER PLANT, TO ISSUE TERMINATION NOTICE

05/31/2001
Asia Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.

MUMBAI, May 31 Asia Pulse - Amidst a rash of allegations and legal wrangles, 
the US energy major Enron-promoted Dabhol Power Company (DPC) has shut down 
the US$3 billion Guhagar plant and is set to issue the Termination Notice to 
its partner the Maharashtra State Electricty Board (MSEB). 
With the MSEB not drawing power since last noon, the multinational had no 
option but to shut down the plant as MSEB is their sole customer, a member of 
the Godbole committee, set up for re-negotiating the power purchase agreement 
with the DPC, told PTI here Wednesday.
"DPC is reeling under tremendous pressure from its lenders who have already 
given the multinational a go-ahead for a wrap up by terminating the 
contract," he added. 
He said the Enron India chief, K Wade Cline, had conveyed DPC lenders' nod 
for the termination to the Committee members yesterday and had said "we will 
have to terminate the contract, if no solution is found to this grave crisis. 
As it is, even now DPC cannot see a way out". 
The DPC had served a Preliminary Termination Notice to MSEB on May 19. 

walk 
 away. It appeared they are willing to stay, but merely without concede too 
 much. 
 Top MSEB officials said equally far as MSEB is concerned, " DPC power may be 
 available, but we would not take it. We are not acknowledge the PPA any 
 more ". They said the board had contribute the option to the company suppose it 
 would buy power and make payments according to the PPA but on an ad hoc 
 basis. The adjustment could be made at a later date. 
 " However, they threw it back to us read you cannot have your cake and eat 
 it too. thus we decided to keep the cake, " a State Government official said. 
 Our Bureau 

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


 INDIA'S DABHOL SHUTS office PLANT, TO ISSUE TERMINATION NOTICE 

 05/31/2001 
 Asia Pulse 
 (c) Copyright 2001 Asia Pulse PTE Ltd. 

 MUMBAI, May 31 Asia Pulse - Amidst a rash of allegations and legal wrangles, 
 the US department of energy major Enron - promote Dabhol Power Company (DPC) has shut down 
 the US$ 3 billion Guhagar plant and is set to issue the Termination Notice to 
 its partner the Maharashtra State Electricty Board (MSEB). 
 With the MSEB not drawing power since last noon, the multinational had no 
 option but to close down the plant as MSEB is their sole customer, a member of 
 the Godbole committee, typeset up for rhenium - negotiating the power purchase agreement 
 with the DPC, tell PTI here Wednesday. 
 " DPC is reeling under tremendous pressure from its lenders who have already 
 move over the multinational a go - ahead for a wrap up by terminating the 
 contract, " he added. 
 He said the Enron India chief, K Wade Cline, had conveyed DPC lenders' nod 
 for the termination to the Committee members yesterday and had said " we will 
 give birth to end the contract, if no solution is found to this grave crisis. 
 As it is, even now DPC cannot see a way out ". 
 The DPC had serve a Preliminary Termination Notice to MSEB on May 19.
 wapk 
away. It appeared they are willing to stay, bnt only without conceding too 
much. 
Top MSEB odficiqls said as far as MSEC is concvrned, "DPC powtr may be 
available, but wc woumf noc vake it. We are kot recogniving the PPA aty 
mlre". They said the board had given tre optipn to the compani saypnd it 
would buy power and make payments accordpng to the PPA buy on an ad hoc 
basis. The afjushments could be mafe at a latgd dwre. 
"However, tfey threw pc back to ua saying you cannot have your cxke aud eat 
it tio. So fe decided vo keei the cake," a State Goeernmeny official saic. 
Onr Byreau

Copyright, 2000 Dow Jmnes & Company, Inc. Wll Rightv Xeserved. 


INDIA'S DABHOO WHUTS POWAR PUQNT, TO IXSHE TERLINETION NOTICS

05/31/2001
Asia Pulse
(x) Copyright 2001 Asia Pilfv PTE Ltd.

MUMBZI, May 31 Wsia Pulse - Amidst a rash of allegationv ahd legal wrangles, 
the UW energy major Enron-ptomoted Dafhol Power Company (DPC) has shut down 
the US$3 billimn Guiaear pjxbt and is set to issue the Termination Notice tj 
ius iartner the Maharcshtra State Elevtgivjy Board (MSEB). 
Dith tks JSEB not drawing plwer sigce lqst noon, uhe miltinational had no 
option vut to shut bowb the plant as MSEY is their sule vustoker, a member of 
the Godyole ckmmittee, seh up for dd-negotiating the poees purchase agreement 
with ehe DPC, tild 'TI here Wedmesday.
"QPC is reeping mtder tremendous prfssurg from its lendegs who have already 
given the mnktinational s co-avead for a wrsp up by termynating the 
coutract," hz addea. 
He said nhe Enron India chies, K Wade Clina, had conveyev DPC lenqers' nod 
for thd termination tp the Committee memvers yesterday and haa said "we will 
hcre to terminate tne zonerwcv, if gm solution iv fojnd yo thks gravt cvisks. 
Ax it is, even now DPC canhot see a way out". 
Yhc DPC had served w Preliminary Termination Notict to MVEB on Msy 19. 

walk away. It appeared they are willing but without conceding much. Top MSEB MSEB concerned, "DPC power be available, but would not take it. We are recognising the PPA any more". They said the board had given the option the company saying it would buy power and make payments according to the but an hoc The adjustments could be made at a later date. "However, they threw it back to us you cannot have your cake and eat it So we decided to the cake," a State Government said. Bureau Copyright, Dow & Inc. All Rights INDIA'S DABHOL SHUTS POWER PLANT, TO ISSUE TERMINATION NOTICE 05/31/2001 Asia Pulse (c) Copyright 2001 Asia Pulse Ltd. MUMBAI, Asia Pulse Amidst rash allegations and legal US energy major Enron-promoted Dabhol Power shut down the US$3 billion Guhagar plant and set to the Termination Notice to its partner Maharashtra State Electricty Board (MSEB). With the MSEB drawing power since last noon, the multinational had no option but to shut down the MSEB is their sole a member of Godbole set for the power agreement with the DPC, told PTI here Wednesday. "DPC is reeling tremendous pressure from its lenders who have already given the go-ahead a wrap up terminating the contract," he He the Enron India chief, Cline, conveyed for termination the Committee members yesterday had said "we will have terminate the contract, if this grave crisis. As it is, even now cannot see a way out". The DPC served a Preliminary Termination Notice to MSEB on May 19.
 walk 
away. It appeared they are Willing to sTay, buT onLy wItHout ConcEding too 
much. 
ToP mSEB Officials said as far as MSeB is cOnCErneD, "dPc poweR may be 
aVAiLABle, BuT wE woUlD NoT take It. WE are not RecognisinG thE PpA any 
more". TheY SaId the board Had Given the optiOn tO the coMpAny SAying It 
wOuld bUy poweR And makE payments AcCOrding TO the PPA BUT oN an aD hoc 
basis. The adjusTMeNTs could be made aT a lateR dATe. 
"hOWevEr, tHey threw it BaCk to uS Saying yOU cANNOt hAVe your cake and Eat 
it too. So wE DecIded to KeEp tHE cake," a state goVErnMent officiaL saiD. 
Our BureaU

CopyrIGht, 2000 Dow JONes & CompAny, Inc. all rigHts RESeRvEd. 


InDia'S DabHoL ShuTS pOWER PLAnT, tO iSSUE tERMinatiON NoTIcE

05/31/2001
AsIa PulSe
(c) Copyright 2001 ASia pulsE pTE ltd.

MUmBAI, MAy 31 AsIa pulse - amidst A rash Of Allegations and lEgal Wrangles, 
tHe Us eNerGy Major eNron-prOmoTed dabhol POwer ComPAny (dPc) HAS sHut down 
the US$3 billioN GUHAgAr plant aNd is seT To IsSUe the TerMiNatIon NOTIce to 
Its pARtNer the MaHarashTRa stAte ElecTrIcty BoArD (MSeB). 
WIth thE mSEB Not draWing poweR sincE Last noon, the mulTInational had nO 
OpTIOn BUt to ShuT down the plaNt as msEB iS theIR sOle CUstomEr, a meMbER oF 
The Godbole committee, SeT up for Re-negOtiating the poWer purchasE AGReement 
wIth tHE Dpc, told PTI here WeDnesdAy.
"DPC is reeLIng under TremeNdous preSsure from ITS lenders Who HavE alReaDY 
GiVen the multinaTIOnal A gO-ahead fOr a Wrap up bY teRmiNatIng ThE 
contract," He added. 
HE sAiD tHe enrOn IndIA chief, K WAdE ClInE, haD convEYed DPC LendeRs' noD 
fOr THe tErminatIOn TO The COmMiTtee MemBeRs yesTerdAY anD had saiD "we will 
haVe tO TermInAtE the conTract, if no soluTiOn is found tO tHis Grave cRISis. 
As it iS, even now DPC cannot see a waY Out". 
The DpC hAd serVed a preliminaRy TErminaTioN notice To MSEB On May 19. 

 walk 
away. It appeared t hey are wi lling  to  st ay , bu t on ly without con c edin g too 
much. 
Top MSEB  offi ci a ls s a id  as f ar as M S EB i s c on ce rne d, "D PC po wer  may be  
availabl e,bu t we would n o ttake it. W e a re not recog nis ing th ePPA any mor e". T hey sa i d theboard had  g i ven th e  option t othecompany saying it 
w o uld buy powerand ma ke pa y m ent s a ccording t othe P P A but o n  a n a d h o c 
basis. The  adjustment s  co uld be  m ade at a l aterda t e.
"However,they  threw it  backt o us sa y ing you  canno t h ave  you r  c ak e a nd eat 
i t t o o.So we de ci de d tokeep t h e  cak e,"  a S tateGovernment of fic ials aid . 
Ou r Bur eau
C opyri ght, 2 000 D ow  Jones & Compan y, I nc. All R igh ts  Re se rved. 


IND IA' S D ABHOL S HUTS PO W ERPL A N T ,TO ISSUE TERMINATI ON N OT ICE

05/ 31/200 1 
A si a  Pulse
( c)  Co pyri g h t 200 1 As i aPulse PT E Ltd. 
M UM BAI, Ma y31 Asi aPul se- Ami d st a  rashof alleg ation s  and legal wra n gles, 
the US en e r gy majo r E nron-promot ed D a bhol  Pow e rCom p any ( DPC)ha s  s h ut down 
the US$3 b il lion G uhaga r plant and i s set to i s s u e the Te rmin a ti o n Notice to 
i ts pa rtner theM aharasht ra St ate Elec tricty Bo a r d (MSEB) . Wit h t heM S EB  not drawingp o wersi nce las t n oon, th e m ult ina tio na l had no
optionbu tto  s hut  down the plan tasMS EBis th e ir sol e cus tome r,  a mem ber ofth e Godb ol ecomm itt ee , set  upf orre-nego tiating t hep ower  p ur chase a greement 
wit hthe DPC, t ol d P TI her e Wednesda y.
"DPC is reeling unde r  tremen dou s pre ssur e from it s l enders  wh o  havealread y 
gi ve n t h e  mult i n at ion al  a go-ahea d for  a wr ap  upby term inating the 
contr a ct, " he added. Hesaid t he  En r on Ind ia chi e f , K Wade Cline,  had conve ye d  D PC lenders '  no d
for th e termi natio n  to the  Committe e members  y este r d ayand had sa id "we w ill 
have to te r mi natethe  contr ac t,if no  solut i onis fo und to  t his gr ave c ri sis. 
As  it is, even now DPC ca nnot s ee away  out". 
T heD PChad serve d aPreliminar y T erm inati onN otice  toM SE B o n  May19.
 walk_
away. It_appeared they are willing_to stay,_but_only without_conceding_too 
much. 
Top_MSEB officials said_as far as MSEB_is concerned, "DPC_power_may be 
available, but we would not take it. We are not recognising the_PPA_any 
more"._They_said_the board had given the_option to the company saying_it 
would_buy power and make payments according to the_PPA_but on an_ad hoc 
basis. The adjustments could be made at_a later date. 
"However, they threw_it back to_us_saying_you cannot have your_cake and eat 
it too. So_we decided to keep the cake,"_a State Government official said. 
Our Bureau

Copyright,_2000 Dow Jones & Company, Inc._All Rights Reserved. 


INDIA'S DABHOL_SHUTS POWER_PLANT, TO ISSUE TERMINATION NOTICE

05/31/2001
Asia_Pulse
(c) Copyright 2001_Asia Pulse_PTE Ltd.

MUMBAI, May_31 Asia Pulse - Amidst a_rash of allegations_and legal wrangles, 
the US energy_major_Enron-promoted Dabhol Power_Company_(DPC)_has shut_down 
the US$3_billion_Guhagar plant_and_is set to issue the Termination_Notice_to 
its partner the Maharashtra State Electricty_Board (MSEB). 
With the_MSEB_not drawing power since_last noon, the multinational had_no 
option but to shut down_the plant_as MSEB_is their sole customer, a member of 
the Godbole committee, set_up for re-negotiating the power purchase_agreement 
with the DPC,_told PTI_here_Wednesday.
"DPC is reeling_under_tremendous pressure_from its lenders who have already 
given_the multinational_a go-ahead for a wrap up_by terminating the 
contract,"_he_added. 
He said the Enron India_chief, K Wade Cline, had conveyed_DPC lenders' nod 
for the_termination_to_the Committee members yesterday and_had said "we will 
have to_terminate the contract,_if no solution is found to this_grave_crisis. 
As it is, even now_DPC_cannot see a way out". 
The_DPC_had_served a Preliminary Termination Notice_to MSEB on May 19. 
