The Maharashtra State Electricity Board today rescinded the power purchase agreement (PPA) it had entered into with the Dabhol Power Company (DPC) on May 23, 1993, in response to the preliminary termination notice (PTN) issued to it by the power major on Saturday.
The notice issued to Enron India managing director C Wade Kline (dated May 23, 2001) by MSEB chairman Vinay Bansal said:
