Rediff Logo
 Money
Line
Channels: Astrology | Broadband | Chat | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding
                 Women
Partner Channels: Auctions | Auto | Bill Pay | Jobs | Lifestyle | TechJobs | Technology | Travel
Line
Home > Money > Reuters > Report
January 30, 2001 		Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      

 
Reuters
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page

Enron will invoke Maharashtra's counter guarantee

US energy giant Enron Corporation's Indian unit has decided to invoke the counter-guarantee of Maharashtra to recover money owed by a state utility to its local power plant, the company said in a statement.

"With monthly bills outstanding for both November and December 2000, Dabhol Power Company has exercised its rights under the existing documents by drawing upon the Government of Maharashtra's guarantee," the statement said.

Dabhol Power Company, 65 per cent owned by Enron, supplies power to Maharashtra state.

Back to top
(c) Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Tell us what you think of this report