Enron betting heavily on India's natural gas market

Seven years can hardly be considered a long time in the life of a multinational energy major. By the very nature of the industry in which such companies operate, heavy investments are required, and there is a long gestation period before projects begin to pay out.Enron International came to India in 1992 in response to an invitation from the Indian government to invest in the country's power sector. But the company may not have known what it was getting into when it agreed to put up a massive 2,140-Mw natural gas-fired power plant at Dabhol, near Ratnagiri, in southern coastal Maharashtra state.The project has given Enron the status of being a pioneer in the Indian power sector. But t...

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