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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (3680)	2/8/1999 6:10:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

India to Buy Surplus Electricity From Pakistan in Landmark Deal, FT Says Ratan: Interesting news. London, Feb. 8 (Bloomberg) -- Pakistan will sell surplus electricity to India in a landmark deal between the two rival nations, the Financial Times reported, citing Indian Foreign Minister Jaswant Singh. Under the plan, India's government-run National Thermal Power Corp. will buy 300 megawatts of power each year from Pakistan for the next 10 years. The agreement could help improve ties between the two countries, which have been strained by nuclear tests and a border dispute, the report said. India and Pakistan were criticized and sanctioned by the international community last year for exploding several nuclear bombs. (Financial Times, 2/8, P.1)