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Enron and other foreign investors threaten not to sell Dabhol stakes

A report from news agency PTI suggests that Enron, GE and Bechtel, the three major foreign shareholders in India's Dabhol Power Company (DPC), may decide not to sell their 85 per cent stake in the project if the proceeds went to a Trust and Retention Account (TRA) rather than to them.

Around the Globe: Asia-Pacific

Indonesia's president Megawati Soekarnoputri opened the 130 MW Asam-Asam power plant in Tanah Laut regency, South Kalimantan, Indonesia. the coal fired plant is owned by PT Indonesia Power, a subsidiary of state electricity company PT PLN.

Power market or myth?

With problems at Dabhol and key investors exiting the market, India’s power sector has been receiving bad press. But some key issues are being forgotten, and opportunities for the right type of project still exist.

Dominion, Mirant agree to sale of State Line Ventures Inc., power station

Dominion and Mirant announced Tuesday that they have reached an agreement under which Dominion will purchase Mirant State Line Ventures Inc., whose assets include the State Line power station, a 515-MW coal-fired generation facility outside Hammond, Ind., near the Indiana-Illinois border.

Waller Marine to construct barge-mounted CFB power plant

A contract for the supply and construction of the world's first barge mounted circulating fluidized bed boiler electrical generating facility has been awarded to Waller Marine Inc., Houston, TX. The nominal 100 MW coal fired power plant will be installed at Pickwick, Tennessee under a contract with Pickwick Power LLC, who will be supplying power into the TVA system.

ABB sees slow alternative energy market

Twelve months ago, global power and automation giant ABB was bullish about its alternative energy - linked operations. Following its results press conference this week, at which it announced a loss of $691m, ABB admitted that demand had been lower than expected and that the market had slowed.

Eight interested in Enron’s Dabhol stake

Eight companies or consortia had, by Thursday, expressed interest in bidding for Enron's 65 per cent stake in the high-profile Dabhol Power Company, according to a source close to the group of lenders - led by the Industrial Development Bank of India (IDBI).

Boosting Brazil’s Networks

ABB plans to build two 1200 MW transmission systems in north and northeast Brazil which will reinforce the existing system, bringing reliability and stability to the grid.

Around the Globe: Asia-pacific

Mott MacDonald has been appointed owner's engineer by Bronzeoak Ltd, a UK-based specialist in the development of renewable energy, to help implement a 54 MW, $85m bagasse-fuelled power plant in the Philippines.

North America – Electric Power News Briefs

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