ENERGY

Enron Corp. Accepts Revised Terms of India Power Project: The Houston-based company said Saturday that it approved the revised terms of the deal in a formal offer made by the state of Maharashtra and that it hopes to restart work at the site in western India within 90 days. Under the deal, Enron will sell power to the state at a rate 22.5% less than that of the original contract. The cost of the project will be cut 29% to $1.8 billion. The state government said last week, five months after it canceled the high-profile deal, that it would go ahead with the project if the consortium of U.S. backers would cut the cost of the power to be sold to Maharashtra. Enron has an 80% stake in the project; General Electric Co. and Bechtel Enterprises Inc. each have 10%.