Strong words from Enron

Article Abstract:

Enron Corp. has warned the government of India that India's failure to honor contracts relating to Dabhol Power Co. could lead to lawsuits and a dearth of new foreign investment in the country. Enron says that it is willing to sell its stake in the project for some $2.3 billion, but could otherwise pursue legal actions amounting to $4-5 billion. The government has not officially replied to the warning from Enron.

India, Cases, Enron Corp., ENE, Dabhol Power Co.

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Beijing opens energy sector

Article Abstract:

The article discusses a reform designed to make China's electricity supply competitive. The reform could be positive for consumers but negative for foreign businesses, who think the reform might slow down investment. Under the reform, State Power Corp. has begun purchasing limited amounts of electricity through "power-pooling," an open-bid process where the lowest-cost power is bought first.

China, Acquisitions & mergers, Mergers, acquisitions and divestments, State Power Corp. of China

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U.S. firms set agreements for 23 India energy deals

Article Abstract:

Several US companies recently signed $1.4 billion-worth of agreements and contracts for projects in India. The signing of the agreements was witnessed by US Energy Sec. Hazel O'Leary, who was sent by the Clinton administration to facilitate energy deals not only in India but in China as well. The latest signings follow the 11 agreements entered into by US energy firms last Ju. 1994.

Motor and Generator Manufacturing, Motors and generators, Electric Power Generating Equip, Contracts, Corporations, Electric power plants, Electric power production

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