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The Enron Saga
July 3, 2001
• Crucial DF meet on Enron on Wednesday
• 3 US firms interested in DPC: IDBI
July 2, 2001
• MERC asks MSEB to clarify stand on DPC papers
June 30, 2001
• Enron chief to visit India to discuss DPC
June 29, 2001
• Enron debacle not to hit foreign investment: Mahajan
• Buyers seek price-cut from DPC
• FIs ready to takeover DPC: IDBI chief
June 28, 2001
• Japan bank may invoke Enron loan guarantee
June 27, 2001
• Enron issue to be resolved soon: Joshi
• Enron plans to enter steel trading in India
• Dhabol power project can't fail: Kamath
June 26, 2001
• HC asks MERC to decide its jurisdiction in 6 weeks
June 21, 2001
• Enron issue may hit FDI flow to India: US
• Indian DPC lenders ready to infuse $200 mn
• No impact of DPC tangle on FIs, says Prabhu
• 'Enron issue not to hit pvt investment in power'
• HC adjourns DPC case to June 26
June 20, 2001
• The Maheshwar project: getting to the root of the matter
• DPC lenders look at options to get contractors back
• Stone & Webster+ submits report to DPC lenders
• 4000 workers to get sack over DPC phase II suspension
June 19, 2001
• AES offers to cut Dabhol power to below Rs 3
• US power cos make millions as users groan
• DPC, Godbole panel to meet again on June 30
June 18, 2001
• Godbole-DPC meet advanced to June 19
• Maharashtra open to AES at new tariffs
June 16, 2001
• AES keen to take over Dabhol Power
June 13, 2001
• Enron judicial probe in due course: Deshmukh
• Enron offers lower price: Jayawanti Mehta
• Maharashtra government to make public Enron documents
• Powergrid report on DPC power soon
June 12, 2001
• MSEB not to pay Rs 1.40 billion May bill
• HC tells DPC, MSEB to settle dispute amicably
June 11, 2001
• DPC seeks HC's intervention to decide MERC jurisdiction
• DPC hearing challenging MERC put off till June 12
• DPC to seek MSEB nod for test-firing phase II
• 'DPC petition premature'
June 9, 2001
• MSEB seeks rejection of DPC petition
• Godbole panel readies counter-proposal
June 8, 2001
• States cannot afford DPC power
June 7, 2001
• DPC lenders appoint Stone & Webster to evaluate suspension
• Private firms expect Enron India's woes to end
• DPC to continue billing MSEB for Phase II power
June 6, 2001
• DPC files writ in Bombay HC against MERC order
• DPC lenders to continue talks Thursday
• We are trying to resolve DPC dispute: PM
• MSEB refuses DPC power at 90% PLF
• Deshmukh seeks Centre's intervention in Enron imbroglio
June 5, 2001
• DPC lenders Singapore meet inconclusive
June 4, 2001
• Enron lenders meet in Singapore on Tuesday
• Ask DPC to pack off, demands Patkar
• DPC lenders' engineers push for phase II completion
• Bechtel stays, DPC lenders transfer funds to phase II
June 2, 2001
• DPC suggests split-tariff plan
June 1, 2001
• DPC lenders plan 1-2% rate cut to save project
• DPC employees to stage dharna on June 5
May 31, 2001
• Centre clears third party power sale by DPC
May 30, 2001
• Plant has not been shut down, says DPC
• Domestic lenders decide to help resolve DPC tangle
• Centre seeks 60 days extension in Dabhol conciliation period
• DPC shuts plant, to issue termination notice
• MSEB doubtful over DPC's 10% tariff cut proposal
May 29, 2001
• Meeting with DPC was good, says Godbole
• Dabhol willing to cut tariffs by 10%
• MERC clubs Prayas, Hogade suits
• MSEB stops taking DPC power from Tuesday noon
• MERC restrains DPC from activating escrow account
May 28, 2001
• Crucial DPC, MSEB meet on Tuesday
• Centre keen to resolve DPC dispute: Prabhu
• In DPC's backyard, the majority couldn't care less
• DPC lenders take a hard line, oppose MSEB move
• 4,000 workers at DPC site without jobs
• Scrap Dabhol project, say NRIs
• Most Enron projects mired in controversy
May 26, 2001
• MSEB pays April bill, files caveat against DPC
May 25, 2001
• DPC refuses to accept 'protest payment' of Rs 1.39-bn April bill
• High oil prices may hit DPC tariff talks
• Enron's woes make Indian power firms anxious
• MSEB files petition with MERC
• DPC asks Centre to resolve dispute
May 24, 2001
• MSEB slaps notice on DPC, threatens to cancel PPA
• MERC asks MSEB to justify clearing DPC project
• Govt to help Enron patch up with MSEB
May 23, 2001
• Madhav Godbole quits Enron renegotiation panel
• DPC tangle -- Centre adopts wait & watch policy
• Enron goes for India business valuation
• Godbole asked to withdraw resignation; meet with DPC off
• Comments not on behalf of Maharashtra govt: Pawar
• Godbole firm on decision to quit
• We will clear Godbole's misunderstandings: Bhujbal
• Pacified Godbole withdraws resignation
May 22, 2001
• DPC to attend Godbole panel meet on Wednesday
• DPC lenders may skip June 4-6 meet in Singapore
• Enron eyes entry into coffee, sugar, cocoa trade
• Spurred by Enron, Karnataka reopens power deals
May 21, 2001
• Enron's Indian lenders spooked by threat
• DPC faces fresh Rs
4 billion penalty
• Enron Indian
lenders to lobby for government help
May 19, 2001
• 'We welcome DPC's
pre-termination notice'
• Maha govt, MSEB may
have to cough up Rs 170 bn upfront damage
• Enron's notice
'improper': Deshmukh
• DPC took a hurried
decision, clock starts ticking now: FIs
• Centre to lose
upto Rs 28.50 billion if Dabhol is terminated
• Godbole refuses to
comment on DPC's notice to MSEB
• DPC issues
pre-termination notice to MSEB
• Pawar, Deshmukh
discuss DPC's 'possible' pre-termination notice
May 18, 2001
• Enron
decision on Monday
May 17, 2001
• India tells Enron
to renegotiate Dabhol contract
May 16, 2001
• DPC lenders set to
vote on PPA termination
May 15, 2001
• Left parties
demand probe into Enron project
• Sarma, Pachauri,
Parikh quit Godbole panel
May 11, 2001
• Enron, Indian
panel to meet on May 23
May 9, 2001
• Dabhol lenders
willing to back PPA termination
May 4, 2001
• Godbole terms of
reference not acceptable: DPC
May 3, 2001
• MSEB against buying
DPC Phase II power
May 2, 2001
• Enron has no
plans to sell Dabhol stake
May 1, 2001
• Loss-wary FIs ask
govt to defuse Dabhol crisis
April 30, 2001
• Panel to
renegotiate Enron deal announced
• Enron not
interested in completing Dabhol project
• MSEB to
slap termination notice on DPC, if things go beyond control
April 28, 2001
• World Bank
rules out role in Enron-MSEB tussle
• Maharashtra
to appoint Godbole to lead renegotiations with DPC
April 27, 2001
• Maharashtra CM
hopeful of renegotiation with Enron
• Enron gets
ready to beat a retreat from India
April 26, 2001
• 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
April 25, 2001
• 'DPC
re-negotiation panel in 2 days'
• More...
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