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Dabhol plant: looking for a new owner |
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It is a distressed sale all right. Yet, until a few weeks back few suspected that Enron’s haste to get out of India had anything to do with troubles back home that have subsequently taken it close to bankruptcy.
A quick sale of the $1 billion equity in Dabhol Power, the Indian company it set up, might have bailed it out of a financial crunch in October. But India’s slow-moving bureaucrats frustrated any hope of that happening.
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