30 October, 2020

Indian Odyssey 2001

Enron’s $10-billion proposal to tackle India’s future power needs raises more doubts than hope

Indian Odyssey 2001

ENRON’ S latest $10-billion proposal to generate 10,000 MW of liquefied natural gas (L N G)-based power in different  Indian states by 2001 issure to open another Pandora’s box. But says Rajendra K. Pachauri, director, Tata Energy Research Institute: "It’s a serious proposal that India should consider without prejudice. Being a big international player, the $13-billion Enron is capable of mobilising finances for power plants they are planning in the western, northern and southern regions of the country. "

Adds Rebecca Mark, chairman and C E O, Enron International: "Our experience and knowledge of international financing can go a long way in raising the investment that is needed to generate the vast energy needs (in India). The idea for the proposal formed because we have been approached by various foreign investors." (See interview)

Addressing the press in New Delhi on February 9, Mark said she had personally submitted the proposal to the Prime Minister who responded positively. She added: "We are...



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