Saturday, April 10, 2010
The Dabhol power project, located on the Maharashtra coast approximately 180 kilometers south of Mumbai, is Enron's flagship project in India. Dabhol Phase I, generating 740 MW of power, began operating in May 1999. When Phase II is completed at the end of 2001, Dabhol will generate 2,450 MW of power to become the world's largest independent natural gas-fired power plant.
The Dabhol Power Corporation (DPC). The DPC started as a 100 percent foreign-owned private limited liability company incorporated in India by Enron, Bechtel Enterprises Holdings and General Electric Capital Structured Finance Group. The three partners controlled DPC through a chain of companies based in Mauritius, a tax haven. Enron held 80 percent of the shares of DPC, while Bechtel and GE each hold 10 percent.
See Trans-Afghanistan Pipeline
See Enron Blog
See Coalition of the Obvious