QUESTION: Here is an update on the state of play in Washington regarding Dabhol as the Indian PM arrives this evening: As it became apparent last week that the discussions in Delhi about the MOU were not panning out, I met with OPIC President Watson and Exec VP Connelly to bring them up to speed on the status of discussions and map out the message to be given by the Administration to the PM on his visit this week. While OPIC certainly does not have final say re the message on Dabhol they are clearly the driver within the USG and they have been very aggressive in that regard. Out of our meeting Watson sent to State and the NSC a message with the following two points: 1. the Project sponsors, the $ lenders, and OPIC and EXIM are of one mind that the negotiating time frame on Dabhol is approaching its end. If India does not act immediately it will be too late. 2. The President and this Administration needs to express its strong disappointment at the failure of the GOI to make an effort to engage on the Buyout, which needs to be negotiated within a particular $ range, subject to a simultaneous negotiation with the $ lenders. The OPIC memo was sent to State and the NSC and is now embodied in talking points for President Bush in his Friday meeting with the PM. For the last week plus I have provided daily updates to OPIC, to Larson's office at State, to the South Asia regional group and to the NSC so they know of any new developments and where we are. Yesterday afternoon I met with OPIC on the lawsuit and how that might change the talking points. At this point, President Bush will raise Dabhol in his meeting with the PM Friday. The Indian Ambassador met with the NSC yesterday to discuss the agenda and was briefed on the MOU going in. It is being considered that Larry Lindsey will discuss Dabhol in greater detail, probably with Mishra. There was some concern about prior relationship to Enron but I understand from State the lawyers have taken care of the concern. Larson is in Doha but is current on the situation and can engage if necessary. It is unfortunate he is out of town. Amb. Blackwill had dinner last night with Watson and Connelly of OPIC and claims he is on top of the issue. Last, but certainly not least, we have a meeting with the PMO Secretary Ghash (?) at 4:30 Thursday at the Indian Embassy. I do not know if we have firmly decided yet who should attend. If Jim is out as I understand he is perhaps Rob Walls and I can attend. This meeting should give us an opportunity to respond in the Washington context to the proposal that I understand is in the offing in Singapore. We will then be in a position to feed that information back into the USG so that the President's meeting with the PM reflects the current state of discussions.
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ANS: Dabhol Washington Update
Marty, I just read the email. Congrats, it sounds like a great opportunity, I like the structure. You'll do great and if there is anything that I can do to help, don't hesitate to contact me. mike
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answer: reorg
I have found a ferry that appears to be the shortest/cheapest, but still have more investigating to do. If you go drive from Palermo down to Messina, you can cross to Villa San Giovanni. About 200 km. (2 hrs) There are ferries every 15 minutes. The cost depends on the size of the car, but is anywhere from 30,000 to 61,000 ITL. That is 14.00 USD to 28.00 USD. That would make your drive farther. You can find the crossing at the narrowest strait between Sicily and the mainland near Reggio di Calabria. I'm working on hotels now. Then the cars. Dee
Answer: Ferry
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A: BNP Paribas Commodity Futures Open Interest Report for 06/24/02
Q: Please mark your calendars. The ENA Commercial PRC meeting will be held on JULY 9. This meeting is by invitation only. Substitutions or Additions will not be permited without the permission of John Lavorato. Further information will follow.
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A: Commerical PRC Meeting Date
Here is an email: Please begin to develop a list of issues (your top ten) that we need to be worrying about in ETS for 2002. We will jointly develop your lists into a larger list for ETS. I would like to think you caould have this done by the end of next week.
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2002 Issues