Dabhol Phase II l/cs

did i send this to already? fyi. this was very contentious at India mtg w/
Lay & Skilling. We need to understand what our exposure is. You need to
become our India expert. Tx Rick
---------------------- Forwarded by Rick Buy/HOU/ECT on 12/03/2000 02:28 PM
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Bill Gathmann@ENRON_DEVELOPMENT
11/29/2000 04:47 PM
To: Rick Buy/HOU/ECT@ECT
cc:
Subject: Dabhol Phase II l/cs

Rick,

Attached is a listing of various incremental Phase II l/c's which we recently
put together as part of the selldown. The first table highlights the two
l/c's which the sponsors have committed to. Enron would have to pick up
either 65% of these (if we can get MSEB to pick up their 15% share) or 80%.
The other l/c's in the second table are solely the responsibility of DPC. It
would be up to the sponsors to decide to what extent they want to help
support these. Let's discuss if your numbers are different from these.