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Enron Has New Hope In India


International Outlook: GLOBAL WRAPUP

ENRON HAS NEW HOPE IN INDIA

Enron Corp.'s power project, canceled by Maharashtra state in August, may live yet. As many predicted, the state seems set to renegotiate the $2.8 billion deal. Talks are expected in response to Enron's offer to make changes, including fuel sources that would lower the electricity tariff.

But the left-wing Rashtriya Swayan Sevak and other political parties are dead set against renegotiating. The RSS has managed to escalate the controversy into a national debate. Politically, though, the state government--a coalition of India's main opposition Bharatiya Janata Party and the regional Shiva Sena Party--may be making an astute move. Says Anand Kumar, a political scientist at Jawaharlal Nehru University: "It says the BJP is strong enough to handle international forces on its own terms."EDITED BY WILLIAM J. HOLSTEIN


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