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Offshore Wind Projects Receive Boost from Massachusetts and Biden Administration

LCG, March 31, 2021--The Governor of Massachusetts signed legislation last Friday that authorizes the state to direct utilities to purchase an additional 2,400 MW of offshore wind energy by 2027.

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NV Energy's Greenlink Nevada Transmission Project Approved by PUCN

LCG, March 25, 2021--The Public Utilities Commission of Nevada (PUCN) on Monday approved proceeding with NV Energy's Greenlink Nevada transmission and renewable energy initiative. NV Energy's planned investment in Greenlink is over $2.5 billion.

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Industry News

India's Tata in Talks to Buy Enron's Dabhol Power

LCG, Oct. 15, 2001--India's Tata conglomerate has held "exploratory" talks to take over from Enron Corp. its 65 percent stake in the $2.9 billion, 2,184 megawatt Dabhol power plant in the Indian state of Maharashtra, the Financial Times reported yesterday.

Enron, weary of the difficulty in getting paid for power produced by Dabhol and by constant bickering with the Maharashtra State Electricity Board, its only customer, over terms of a contract signed in the mid-1990s, said in July that it wanted out of India and would accept about $1 billion for its interest in Dabhol.

Tate Power has notified the Indian government expressing interest in Dabhol, which it said would require the removal of significant roadblocks. Among these would be a renegotiation of Dabhol's tariffs and a reduction in the interest rates on Dabhol's debt.

Tata Power is talking about paying Enron about 80 cents on the dollar for its investment in Dabhol, a figure that may not be palatable to the Texas-based company.

Spokesman John Ambler said Enron continued to believe the best and quickest way to solve the problem would be for the Indian government, or one of its Indian financial backers, to take on Dabhol.

The Dabhol Power project is India's largest foreign investment, even though Indian lenders provided $1.4 billion in financing for the plant. About $630 million was provided by foreign institutions.

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