Enron Switches Signals In India

After a power-plant debacle, it turns to trading electricity

In 1992, Enron Corp. agreed to build a $3 billion power plant at Dabhol, in India's Maharashtra state. The facility was to be Enron's triumphant Indian debut. Not only would the plant, fueled by natural gas and naptha, bring electricity to India's industrial heartland, it also would position Enron as the foremost power company on the subcontinent. Enron spoke of spending a further $10 billion on Indian power generation.

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