Minority Staff, Committee on Government Reform, US House of Representatives, 22 February 2002. Fact Sheet: Background on Enron's Dabhol Power Project
Article from: TDM 3 (2004), in Investor-State Disputes - International Investment Law
Enron is a majority owner of Dabhol, a massive combined-cycle power plant on the western coast of India's Maharashtra state. The Dabhol power plant was initiated in 1992 and took nine years to commence operation. The total project cost is $2.9 billion. Enron owns 65 per cent, Bechtel Enterprises owns 10 per cent, General Electric owns 10 per cent, and the Maharashtra State Electricity Board owns 15 per cent. The project is 2,184 megawatts, which Enron says is the largest gas-fired power plant in the world. The plant closed in June 2001, due to a payment and contract dispute ...