Gentlemen -

As a follow-up to my voice mail, attached are scanned copies of (1) the GOM 
Guarantee demand letter and (2) a separate letter to the GOI re same.  The 
separate letter to the GOI is a requirement under the GOI Guarantee.  

We are required to wait 7 days from the date of the GOM Guarantee demand 
letter before serving the GOI Guarantee demand letter.  I believe that we 
will serve the GOI Guarantee demand letter as soon as we are able to do so 
this coming week.

Bruce

---------------------- Forwarded by Bruce Lundstrom/ENRON_DEVELOPMENT on 
01/27/2001 10:56 AM ---------------------------


Chandran Bhaskar
01/25/2001 09:13 AM
To: Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A 
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wade 
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce 
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep 
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul 
Kraske/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gail 
Brownfeld/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, cwalker@linklaters.com, 
mkeats@linklaters.com, lbrasher@skadden.com
cc:  

Subject: DPC - Invocation of GoM Guarantee


SUB : DPC - Guarantee of the State of Maharashtra

Please find attached:

Letter dated 25 January 2001 submitted this evening to the Government of 
Maharashtra, invoking the guarantee and 
 
Letter dated 25 January 2001 addressed to the Ministry of Finance, Government 
of India. This letter will be submitted on Monday, 29 January 2001 as 
Ministry of Finance is closed from this afternoon till Sunday on account of 
Republic Day. 

Regards,

Bhaskar