Dabhol Power Co - Draw on Maharashtra Guarantee

As indicated in my message earlier today, we have sent notice to the
government of Maharashtra drawing on the state guarantee to cover the
remaining past due bill for November (there is an additional 7 day wait
before we can take action on the December bill). The amount involved is 89
crore (approximately $19 million). We definitely expect press
interest/coverage, The Standard in Delhi evidently has the story, but the
wires have not picked up on it yet. Attached are the statement and Q&As that
will be used to respond to any inquiries.

John