BP has joined the bidding for Enron's $2.9 billion, 2,184 MW Dabhol power plant, India's biggest foreign direct investment. This takes to eight the bidders for the Dabhol, including Shell and Gaz de France. BP said: "We believe the asset is a key piece of infrastructure for the future development of the gas business in India." The facility, is only 95% complete, is also owned by General Electric and Bechtel, with 10 per cent each (Financial Times, 3/11).
March 12, 2002