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April 10, 2001 		Feedback  
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Government to seek conciliation with Enron

The government said on Tuesday that it planned to seek conciliation with US energy giant Enron after the company invoked political force majeure over its controversy-ridden power project in western India.

"We have agreed to conciliation and we will go ahead with conciliation," Finance Minister Yashwant Sinha told reporters on the sidelines of a textiles conference. He, however, did not elaborate.

The Indian unit of Enron, Dabhol Power Company, sent the force majeure notice on Monday to state utility Maharashtra State Electricity Board. The notice was the latest step in a running confrontation between the US multinational and the Maharashtra government over unpaid bills.

Last week, Houston-based Enron notified the government it was applying to an arbitration court in London to consider its claim for Rs 1.02 billion owed by MSEB for power it purchased in December from DPC. Enron owns 65 per cent of DPC.

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