No. 08



Latest Dabhol Crisis Passes As Maharashtra Pays $17Mn Debt To Enron

A senior Indian Government official said on 12 February that the state of Maharashtra had paid a debt of 790mn rupees ($17mn) to the Dabhol Power Corporation (DPC), in which Enron of the US has a 65% share. Enron announced on 6 February that it had invoked the guarantee of the Federal Government of India over the failure of the Maharashtra State Electricity Board (MSEB) to pay the...