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Enron Completes Financing For Dabhol Power Plant

Enron Corporation of the US announced on 1 March that it has completedfinancing for the first phase of the Dabhol Power Company project in the stateof Maharashtra on the western coast of India. Enron, which has an 80% equity inthe project, plans to construct by 1997 a 695 MW combined cycle power plantusing distillates as fuel, followed by the construction of an additional 1,320MW of capacity. Once the second...