VOL. XLIV

No. 07

12-February-2001

UAE/OMAN

Enron Invokes Indian FederalGovernment Guarantee Over Maharashtras Debt To Dabhol

Enron of the US, which has a 65%stake in the Dabhol Power Corporation (DPC), announced on 6 February that ithad invoked the guarantee of the Federal Government of India to pay debtstotaling more than 2.3bn rupees ($50mn) accumulated by the Maharashtra StateElectricity Board (MSEB). This amount covers bills from DPC that the board hasfailed to pay for the supply of...