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Enron may have to sell stake in Dabhol plant at half price
Embattled US power major Enron may be forced to sell its stake in the Dabhol power plant at around half a billion dollars instead of the asking price of a billion dollars, a report in Washington said.
Embattled US power major Enron may be forced to sell its stake in the Dabhol power plant at around half a billion dollars instead of the asking price of a billion dollars, a report in Washington said.
Tata Power and BSEs, the Indian bidders for Enron's stake in the 2184 MW Dhabol power plant were reportedly willing to pay only half of the asking price which stood over a $ billion, The New York Times reported.
Tata Power and BSEs, the Indian bidders for Enron's stake in the 2184 MW Dhabol power plant were reportedly willing to pay only half of the asking price which stood over a $ billion, The New York Times reported.
“If the lenders and prospective buyers adopt a take it or leave it line, Enron may have little choice but to accept their offer and swallow a huge loss on a controversial project which one gleamed with promise,” it said.
Bureau Report