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Saturday, March 10, 2001
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Enron issues must be solved: Wisner

NEW DELHI, MARCH 9. The former U.S. Ambassador to India, Mr. Frank G. Wisner, today said all parties involved in the Enron affair should resolve the thorny issues, as failure to do so would send a wrong signal to foreign investors interested in the power sector.

Speaking to reporters after addressing a press conference on the outcome of the Indo-U.S. Business Council (IUBC) meeting here, Mr. Wisner said the Central Government's willingness to pay the first counter-guarantee sent a signal that ``India honours contractual agreements. It shows that the original agreement reached is working.'' However, the problems faced in the Enron deal did not mean ``troubles in all foreign investments,'' he pointed out.

Talking about lifting of U.S. sanctions, imposed on India after the Pokhran nuclear tests, Mr. Wisner, who is chairman of the U.S.-India Business Council, said he was hopeful that they would be lifted.

- UNI

Panel to reevaluate Enron project

By Our Special Correspondent

MUMBAI, MARCH 9. The Maharashtra Government has authorised the Godbole Committee to reevaluate the Enron power project and negotiate with the multinational the project's capital cost and power tariff with a view to getting them reduced.

The Committee was appointed last month to review power position in the State.

Now, besides the Enron issue, it would also look into the tariff rates, efficiency and functioning of the Maharashtra State Electricity Board.

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