enron india newsdesk may 4 th newsclips vince stinson news articles india appears dpc attend may 11 meeting presenting proposals taking representatives lender side ge bechtel well lng supplier side also name thrown likely person represent center regards sandeep forwarded sandeep kohli enron _ development 05 04 2001 02 36 pm nikita varma 05 04 2001 07 47 nikita varma enron _ development enron _ development cc bcc sandeep kohli enron _ development subject enron india newsdesk may 4 th newsclips economic times friday may 04 2001 http www economictimes com today 04 infrol htm godbole panel suggestions unacceptable enron girish kuber article also appeared following newspaper business standard friday may 04 2001 godbole terms reference acceptable dpc hindustan times power purchase talks govt enron falls times india friday may 04 2001 http www timesofindia com today 04 busi 2 htm enron ready take part ppa talk nitin yeshwantrao financial express friday may 04 2001 http www financialexpress com fe 20010504 ecol 0 html dpc team appear godbole panel may 11 article also appeared following newspapers mid day enron state govt meet next week hindu businessline friday may 04 2001 http www hindubusinessline com stories 140456 uy htm enron wants renegotiation meet rescheduled afternoon friday 4 may 2001 http www afternoondc com houston team meet godbole business standard friday may 04 2001 salve may represent centre enron talks panel times india friday may 04 2001 http www timesofindia com today 04 busi 2 htm salve may represent centre enron talk panel pioneer friday may 04 2001 enron talks salve may govt man mid day friday 4 may 2001 enron rates high mseb economic times friday may 04 2001 godbole panel suggestions unacceptable enron girish kuber hopes godbole committee would able renegotiate dabhol power project promoted us energy major enron may turn misplaced us energy major says godbole committee suggestions unacceptable response query et company said statement published terms godbole report represent acceptable basis discussions 8 statement said would meeting committee next week matter courtesy 8 since purpose meeting hear committee understand thoughts present proposals 8 statement said according highly placed sources government company informed madhav godbole panel would meeting may 11 earlier reports indicated discussions panel would take place may 5 according sources enron would meeting panel representatives lenders shareholders godbole committee studied current power purchase agreement called cancellation present tariff structure renegotiation lng shipping contract removal dollar denomination far fixed charges tariff concerned debt restructuring formation committee renegotiate power purchase agreement suggestions seems may acceptable enron maharashtra government accepted report asked godbole committee renegotiate committee given month time renegotiate behalf state government dpc new ppa committee opined since lng facility 5 mmpta far excess required plant 2 1 mmpta 1 8 mmpta take pay separated distinct facility whose capital costs reflected fuel charge take pay instead proportion fuel regassified power generation using entire allocated gas requires unusually high plf instead surplus gas sold players like petronet enron metgas important distribute cost entire capacity amount sold power plant 8 says committee similarly suggested enron could lease harbour facilities common facility lng importers lng contract negotiated enron long term supplies said since lng market witnessed great changes particularly far prices concerned power company take advantage spot buys renegotiate contract accordingly times india friday may 04 2001 enron ready take part ppa talk nitin yeshwantrao enron management finally agreed participate discussion madhav godbole led negotiation committee set facilitate restructuring power purchase agreement ppa signed us power major state government officials dabhol power company dpc subsidiary enron alongwith team shareholders lenders arrive may 11 talks nine member godbole panel though dpc spokesperson reluctant give confirmation key mantralaya official told times india team expressed willingness talks experts committee bid end imbroglio enron response viewed welcome development amicably resolve controversy raging last weeks board directors enron authorising india md k wade cline serve termination notice mseb state government part adopted confrontational position slapping rs 401 crore rebate charge dpc defaulting power supply however sudden change heart enron management largely attributed stand taken local lenders led industrial development bank india idbi recently opposed move pull project contradiction stand taken foreign lenders dpc favour slamming brakes disbursement funds dpc congress led democratic front government publicly declared would impress upon enron management renegotiate ppa scrapping project would interest parties last week state government constituted nine member panel experts former bureaucrat madhav godbole godbole written dpc management inviting talks negotiate ppa may 5 delayed response enron meeting rescheduled may 11 issues would debated meeting include separation lng facility power plant renegotiating lng supply shipping agreements redefining dpc tariff convert two part tariff godbole panel bargain hard removal dollar denomination fixed charge component allow maharashtra government sell power third parties financial express friday may 04 2001 dpc team appear godbole panel may 11 battery dabhol power company dpc officials foreign lenders appear madhav godbole renegotiations committee may 11 matter courtesy presenting proposals 8 simultaneously dpc made clear published terms godbole report represent acceptable basis discussions dpc team likely include officials enron corp bechtel general electric liquefied natural gas suppliers oman lng abu dhabi lng trustee bank abn amro proposed may 11 meeting reliably learnt mantralaya sources said dpc earlier expressed inability appear godbole committee may 5 fixed earlier account non arrival team houston parts world however company ultimately decided meet godbole committee may 11 dpc spokesman jimmy mogal said confirm dpc invited meet recently formed negotiating committee matter courtesy agreed meet next week since purpose meeting hear committee understand thoughts present proposals 8 constantly maintained open dialogue towards resolving issues meeting manner construed open offer dpc renegotiate terms contract furthermore published terms report represent acceptable basis discussions 8 added sources said enron corp chairman kenneth lay likely meet former chief minister sharad pawar find acceptable solution ongoing crisis may 11 meet mr lay told foreign news agency wednesday enron corp immediate plans sell stake troubled 2 9 billion dabhol power project western india afternoon may 4 2001 houston team meet godbole enron promoted dabhol power company dpc yesterday said agreed meet godbole committee matter courtesy manner construed open offer dpc renegotiate terms contract statement issued last night us energy major made clear purpose meeting nine member renegotiating committee hear panel understand thoughts present proposals furthermore published terms godbole report represent acceptable basis towards resolving issues earlier state government sources said team senior officials enron headquarters houston slated attend first godbole renegotiations committee meeting held may 11 panel deferred meeting may 5 formal communication dpc requested state government suitable date stipulated one said however multinational yet send list nominees due arrive next week said meanwhile centre likely appoint solicitor general harish salve representative high power committee renegotiate power purchase agreement ppa signed dpc maharashtra state electricity board members godbole committee hdfc chairman deepak parekh teri director r k pachauri former union energy secretary e sarma kirit parikh indira gandhi institute developmental research maharashtra energy secretary v lal state finance secretary k srivastav mseb chairman vinay bansal business standard friday may 04 2001 salve may represent centre enron talks panel solicitor general harish salve likely named centre representative high power committee appointed maharashtra government renegotiate power purchase agreement ppa us energy giant enron promoted dabhol power company dpc according highly placed government sources salve name cleared ministries finance power maharashtra government appointed negotiating committee headed former bureaucrat madhav godbole renegotiate estranged ppa signed maharashtra state electricity board mseb dpc enron made opening talks maharashtra conditional presence centre representative negotiating committee salve would meet secretaries ministries finance power law firm centre stand crisis arising payment defaults mseb sources said adding petroleum secretary also likely included panel sources said enron appeared keen solving present impasse negotiations judging corporation chairman kenneth lay statement yesterday houston company plans sell stake 2 9 billion dabhol project government likely make formal announcement salve appointment negotiating committee weekend sources said negotiating committee would suggest solutions bring exorbitant power tariffs separating liquefied natural gas lng facility restructuring dpc allowing sale excess power central utilities mainly national thermal power corporation ntpc sources said dpc board late last month authorised local manager india issue termination notice mseb following bitter payment controversy dpc already slapped one conciliation notice centre three arbitration notices state government non payment dues times india friday may 04 2001 salve may represent centre enron talk panel solicitor general harish salve likely named centre representative high power committee appointed maharashtra government renegotiate power purchase agreement ppa us energy giant enron promoted dabhol power company dpc according highly placed government sources salve name cleared ministries finance power maharashtra government appointed negotiating committee headed former bureaucrat madhav godbole renegotiate estranged ppa signed maharashtra state electricity board mseb dpc enron made opening talks maharashtra conditional presence centre representative negotiating committee salve would meet secretaries ministries finance power law firm centre stand crisis arising payment defaults mseb sources said adding petroleum secretary also likely included panel sources said enron appeared keen solving present impasse negotiations judging corporation chairman kenneth lay statement wednesday houston company plans sell stake 2 9 billion dabhol project pti pioneer friday may 04 2001 enron talks salve may govt man solicitor general harish salve likely named centre representative high power committee appointed maharashtra government renegotiate power purchase agreement ppa us energy major enron promoted dabhol power company according sources mr salve name cleared ministries finance power maharashtra government recently appointed committee headed former bureaucrat madhav godbole renegotiate ppa signed maharashtra state electricity board mseb dpc mid day friday 4 may 2001 enron rates high mseb maharashtra state electricity board mseb planning convey dabhol power company dpc subisidiary us energy giant enron inability pay increased fixed charges rate rs 500 crore month next year mseb officials said dpc would informed negotiation power purchase agreement ppa per ppa increased rate come effect january 2002 following completion dpc 1 444 mw second phase project october year ppa also says fixed rate paid company irrespective consumption electricity present mseb paying fixed chages rs 95 crore month dpc first phase project generating 740 mw power raising issue dpc last couple months highlighting fixed charges next year viable us even state chief minister vilasrao deshmukh raised issue new delhi meeting recently officials said board continue raise issue negotiation process dpc however dpc officals keeping mum issue adopting wait watch policy added second phase project 722 mw power generating capacity achieved june remaining 722 mw october year officials said