SC closes corruption case against Enron

SC closes corruption case against Enron

Agency News

New Delhi, Apr 11 : Supreme Court on Thursday closed a case in connection with the alleged political corruption in allowing US energy major Enron to set up Dabhol power plant in Maharashtra.

A bench headed by Chief Justice Ranjan Gogoi passed the order after hearing from many parties, including the Maharashtra government, Enron, and others.

It took into record the submissions on the inordinate delay in the case.

Maharashtra government had in February requested the court to close the proceedings which had been pending for the past several years.

The US-based Enron and it’s associates Dabhol Power Corporation had set up the USD 3 billion 2,550 MW power project in Maharashtra in 1996 after signing of 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 notice to MSEB on the government’s role and its officials in the signing of the PPA. (UNI)