Enron and the Dabhol Power Company
written by Thunderbird Global School of Management (Glendale, AZ: Thunderbird Global School of Management, 2002, originally published 2002), 18 page(s)
Details
- Abstract / Summary
- In September 2001, Houston-based Enron Corporation (Enron) was embroiled in a long-running dispute with various levels of government in India. The dispute involved the Dabhol Power Company (DPC), a 2,184 megawatt (MW) power project in the Indian state of Maharashtra. The dispute began in the mid 1990s. In April 1995, Enron began construction of a $2.8 billion power plant in the state of Maharashtra. In August 1995, the Maharashtrian government announced that the project was canceled based on the recommendations of a committee set up by the government to review the project. After the contract was renegotiated, construction resumed and Phase I was completed in 1999. In 2001, with Phase II of the project 95% complete, Enron announced that it would sell its DPC stake because of payment disputes with its sole buyer, the Maharashtra State Electricity Board (MSEB) and the failure of the Indian central government to honor its counter-guarantee.
- Field of Interest
- Business & Economics
- Copyright Message
- Copyright © 2002 by the Thunderbird Global School of Management. All Rights Reserved.
- Corporate Author
- Thunderbird Global School of Management
- Content Type
- Case study
- Duration
- 0 sec
- Format
- Text
- Original Publication Date
- 2002
- Page Count
- 18
- Publication Year
- 2002
- Publisher
- Thunderbird Global School of Management
- Place Published / Released
- Glendale, AZ
- Subject
- Business & Economics, Social Sciences, International Business, Politics, Organizational structure, Organizational change, International trade, Energy industry, Management of Companies and Enterprises, Negócios Internacionais, Negocios Internacionales, Dabhol Power Company, Enron Corporation, India, Emerging Economies
- Keywords and Translated Subjects
- Negócios Internacionais, Negocios Internacionales