bbc.co.uk
Home
TV
Radio
Talk
Where I Live
A-Z Index
Front Page | In-depth | Business | The Enron affair

<<INTRO

1

2

3

4

5

6

7

8

9

10

11

12

13

14

NEXT>>
 Early 2001: Stock heading south
 Enron remains bullish but stock begins to slide

By March, Enron was facing more problems as its share price continued a downwards trend towards $50.

The Blockbuster internet deal fell through, though at the time it was not clear whether or not this was a major financial blow to the company.

But in India, Enron lost the only customer for its massive and controversial Dabhol power plant project - the largest foreign investment in the country.

Click on the red dots on the graph for more detail.



 ENRON AND THE DABHOL POWER STATION
ORIGINAL PROJECT:
Dabhol power plant aimed to solve energy shortages in the Indian state of Maharashtra.
ENRON'S ROLE:
Enron owned a 65% stake in the $2.9bn project started in 1993; Critics said the plant would double electricity prices.
WHAT HAPPENED:
Maharashtra electricity board pulled out over the prices. Enron and partners claimed $200m insurance, a fraction of their losses.
^^ Back to Top
 © MMV | News Sources | Privacy