12, Apr 2019
Prelims level : Nil Mains level : General Studies-III: Technology, Economic Development, Bio diversity, Environment, Security and Disaster Management
why in News?
- The Supreme Court said it is quarter of a century too late to order a judicial inquiry into the
- “serious infirmities” detected in the Enron-promoted Dabhol power project in Maharashtra.
- US-based Enron and its associate Dabhol Power Corporation had set up the USD 3 billion 2,550-megawatt power project in Maharashtra in 1996 after signing the Power Purchase Agreement (PPA) with Maharashtra state electricity board (MSEB) in 1993.
- In 1997, the apex court had admitted the petition of the Centre for Indian Trade Union (CITU) that had challenged a Bombay high court order upholding the PPA and issued a notice to the MSEB on the government’s role and its officials in signing of the PPA.
- Enron had pulled out of the Dabhol power plant and went bankrupt. The plant was shut down in 2001.
Dabhol power plant:
- The Dabhol Power Station is located near Anjanwel village in Ratnagiri district of Maharashtra. The power station was a built by the Dabhol Power Company (DPC), which was a joint venture of Enron, General Electric, Bechtel and Maharashtra Power Development Corporation.