OTHER NEWS - Sept. 1, 1995

Firm Tries to Save India Power Plant: Enron Corp. told the government in India’s Maharashtra state that it is prepared to renegotiate terms of a scrapped $2.8-billion power plant deal, including capital costs and power tariffs. The Houston-based natural gas and power company said its top official in India, Rebecca Mark, had delivered a letter to state officials listing areas in which the company is willing to make changes. Dabhol Power Co., an Enron subsidiary, hopes to salvage the planned 2,015-megawatt plant, whose construction was halted this month by the Maharashtra state government. A government panel had condemned the project, saying the cost of power was too high and that no tender procedure had been followed in awarding the contract.