Debt Consolidation And Credit Nowhere were Enron's efforts to wield power overseas more
obvious than in its marquee project: a $3 billion power plant in
Dabhol, India.
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Check Credit Rating "In the Dabhol project, you've got everything," said Joshua
Karliner, executive director of CorpWatch, a think tank opposed to
corporate globalization.
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Improve Credit Rating From the moment the plant was on the drawing boards to its
shutdown in June, the Enron-led project was the subject of constant
political turmoil with local and national Indian officials.
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Credit Online Rating Report Enron executives agree that the Dabhol project has been
unusually contentious.
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Credit Score Rating Scale "There are a lot of people who are not comfortable with the
concept of foreign investment in the country, and this is the
largest private investment that's been made in India," said John
Ambler, Enron vice president of international public relations.
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Bad Card Credit Credit People Enron initiated the project in 1992, which was to supply power
to the Maharastra state, whose capital is Bombay, and ended up with
a 65 percent stake in a joint venture known as the Dabhol Power
Co., with Bechtel owning 10 percent, General Electric 10 percent
and Maharastra holding the remaining 15 percent.
Free Credit Rating Report The project quickly drew controversy. The World Bank questioned
the high
cost of power that the state
government was to purchase.
Allegations of corruption swirled.
Credit Rating Scale Villagers told researchers for Human Rights Watch that land was
appropriated without notifying or compensating the landowners. When
the project was challenged in court, Enron put most of India's
leading lawyers on retainer to prevent their working against it,
according to Human Rights Watch's 1999 report.
Bad Credit Rating The situation worsened when Phase I of the two-part project
began to operate. The plant's need to circulate about 8,000 liters
of water per minute meant that local fresh water supplies were
diverted from farms. Enron eventually agreed to bring in water by
tankers to the villages.
Credit Rating Agency The controversies prompted weeks of sit-in demonstrations,
hunger strikes and arrests.
Credit Rating Canada On June 3, 1997, state police entered the homes of several women
and dragged them into police vans, beating them with sticks, said
Amnesty International, which investigated the incident.
Bad Credit Mortgage Rating Thirteen
men and 26 women, including one
who was pregnant, were arrested.
Good Credit Rating "Except in one case of stone-throwing and another incident where
a water pipeline was broken, the opposition did not resort to
violence. ... Yet they were met with serious, sometimes brutal
human rights violations carried out on behalf of the state's and
company's interests," Human Rights Watch reports.
Credit Score Rating Chart Human Rights Watch condemned Enron for not speaking out against
the beatings and criticized it for paying the abusive state forces
for the security.
Credit Mortgage Rating Poor "It was very aggressive behavior without proper thought," said
H.D. Vinod, an economics professor at Fordham University's
Institute for Ethics and Economic Policy.
Good Credit Rating Score But Ambler said the company was concerned about the violence
against the protests.
Poor Credit Rating Loan Part of the problem stemmed from an agreement that any time the
state police stepped in to halt protests over the Enron project,
the company was required to reimburse the cost. Enron's own
security guards were not involved in the violence, Ambler said.
Moreover, after the human rights abuses were criticized, Enron
often asked the state police to show restraint against
protests.
Bank Credit Rating Throughout the turmoil, Enron management worked through official
U.S. channels in the Clinton administration but also relied on a
network of former Bush administration officials to help it navigate
the murky political seas.
Credit Card For Poor Credit Within weeks of leaving their Bush administration posts in early
1993, former Secretary of State James Baker and former Secretary of
Commerce Robert Mosbacher signed on as Enron consultants. Baker
wrote up his analysis of the Indian political climate for Enron
chief Kenneth Lay.
Business Credit Rating Dabhol came to dominate U.S.-India business
relations.
Moodys Credit Rating "Dabhol was the biggest power plant in the world," said Michael
Clark, executive director of the U.S.-India Business Council. "It
became the emblem of all foreign investments. It was a barometer of
India's attitude toward foreign investment. You couldn't say
'India' without saying 'Dabhol.' "
Credit Card With Bad Credit Thomas "Mack" McLarty, a Clinton counselor who was part of the
team pushing for resolution of the Dabhol problem, said the project
was important to Clinton's administration.
Personal Credit Rating "Our administration was committed to U.S. investment, and India
was the world's largest democracy," McLarty said.
Unsecured Loan For Bad Credit The Clinton administration brags about the Dabhol project as a
success for its Trade Advocacy Center, established in 1992 to lobby
on behalf of U.S. companies abroad. Ironically, although its Dabhol
success story is still on the agency's Web site, the plant is now
idle and for sale.
Credit Rating Company Despite critical reports by Amnesty International and Human
Rights Watch, Enron's activities in India have only recently
received U.S. attention.
Canadian Credit Rating Daphne Wysham, a fellow at the liberal-leaning Institute for
Policy Studies, said such incidents are the reason why so many
countries are leery of multinational corporations.
Credit Union Rating "It's ironic that it takes such a gargantuan collapse for us to
pay attention to what these companies are doing on the other side
of the planet," she said. "But maybe it's the wake-up call that
will force Americans to pay attention."
Corporate Credit Rating Jennifer Autrey, (817) 390-7126
jautrey@star-telegram.com
Credit Rating Fix Maria Recio, (202) 383-6103
mrecio@krwashington.com
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