November 30 : The Countdown Begins For Dabhol

Global lenders to the Enron-promoted Dabhol Power Company (DPC) are meeting in London on November 30 to consider authorising the company to serve a final termination notice to the Maharashtra State Electricity Board (MSEB).

On the same day, the DPC board too will meet in London to consider authorising managing director K Wade Cline to serve the final termination notice on MSEB. Even if Cline gets the nod from the board, he will not be in a position to serve the notice unless the lenders give the go-ahead.