VOL. XLIV

No. 16

16-April-2001

GENERAL

EnronIssues Political Force Majeure Notice, Threatens To Leave India

Enronof the US on 9 April issued a political force majeure notice to IndiasMaharashtra State Electricity Board (MSEB), saying that it was consideringpulling out of the Dabhol power project. The threat is the latest move in along-running dispute between the Dabhol Power Corporation (DPC), in which Enronhas a 65% share, and MSEB. Last February DPC invoked the guarantee of theFederal...