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| | Bright Lights, Big Bill - Asia Business - TIME Asia Web Exclusive, Monday, Feb. 19, 2001 |
 | | The exception should be the Indian state of Maharashtra, which has electricity galore, thanks to a major power complex set up by Dabhol Power Co., a consortium of foreign companies led by Enron Corp. of Houston, Texas. |
 | | The Maharashtra State Electricity Board agreed to buy all the power produced by Dabhol, and the pricing formula was shrewd: in the event of oil price increases or devaluation of the Indian rupee, the Electricity Board pays more. |
 | | Last week, Maharashtra set up a review committee to find a way to rework the deal but under the terms of the current agreement, India has to continue buying the electricity for the next 20 yearsor pay $35 billion to get Enron out of the country. |
| www.time.com /time/asia/biz/magazine/0,9754,99899,00.html (940 words) |
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