Dabhol Power Company (DPC) is reportedly ready to extend the period for conciliation till August. This is a good idea. Nobody, least of all Enron, which own the majority stake in DPC, gains from terminating a costly project suddenly. India is desperately short of electricity, whether or not Maharashtra claims that it can do without Dabhol power. The least that will be achieved by extending the conciliation period will be a more organised withdrawal of Enron from the $2 billion project. However, if MSEB, the governments of Maharashtra and India act sensibly, then the project can be salvaged by some renegotiation.....(Editorial)