DABHOL PHASE II CLEARED

Vol 3, PW 2 (17 Feb 99) Midstream & Downstream
     

Indias Foreign Investment Promotion Board on 6 February approved a $452.7m investment by Enron for Phase II of its 2,184-MW power plant at Dabhol.

Enron reckons financial closure of Phase II is expected within 30 days. The 750-MW Phase I of Dabhol has undergone trial runs and will be formally commissioned in mid-March.