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Dear Jane,
Last night, on 60 Min. (do you watch it?)
one of the stories was on Enron's escapade in India with a hugh power
plant. Enron was buying Enron's own CNG from Quatar (when cheap coal was
available in India) for fuel for this plant, which would charge 4X the rate to
the Indian gov't that the gov't was used to.
An new Governor of that Indian State where the
power plant was being built wanted to stop the project and did so after
elected. Enron then sent the US Ambassador to India and CEO of Enron (a
pretty woman) to charm officials, arm twist, and threaten officials to re-open
the project, which they did. The US Ambassador's threats included that US
investment woiuld dry up if the project would not go ahead.
It went ahead and then was closed down as too
expensive to run. The US. Ambassador to India later retired and got a
cushy job with a subsidiary of Enron, while the Miss Pretty CEO left Enron for
another cushy job in Houston.
Michael
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