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Enron Mail |
----- Forwarded by Sharonda Stephens/Corp/Enron on 01/23/2001 09:01 AM -----
"ANN SCHMIDT, ENRON CORP." <ENRONPR@bloomberg.net< 01/23/2001 08:56 AM To: sharonda.stephens@enron.com cc: Subject: (BN ) Enron Broadband's Indian CEO Sanjay Bhatnagar Resigns enron story Enron Broadband's Indian CEO Sanjay Bhatnagar Resigns 1/23/1 3:58 (New York) Mumbai, Jan. 23 (Bloomberg) -- Sanjay Bhatnagar, chief executive of Enron Broadband and the main architect of Enron's Dabhol power project in India, has resigned. Bhatnagar was transferred to Enron Broadband, a unit of the world's biggest energy trader, in November from chief executive of Enron India Ltd., which set up a 740-megawatt power plant in India's western Maharashtra state. Enron Broadband is setting up an Internet data center in Mumbai and plans to sell connections to the Web through optic fiber cables. ``He had transferred over to another of Enron's businesses several months ago, so the transition at Enron India has already been accomplished,'' a company statement said. Enron's Indian unit, Dabhol Power company, has invested $3 billion in the 740 megawatts a year project and its success could influence further overseas investment in the industry. Enron, one of the first big foreign companies to enter the country after India opened up the economy to foreign investors, saw construction of the power plant delayed until December 1996 because of legal battles with local governments for three years. Sanjay Bhatnagar joined Enron Corp. 1992. --Sumit Sharma in the Mumbai newsroom (91-22) 284 0142 or sumitsharma@bloomberg.net /mh Story illustration: To graph Enron Corp.'s share price, click on {ENE US <Equity< GP <GO<}. Company news: ENE <Equity< CN NI ELC NI NRG NI UTI NI CMD NI OIL NI GAS NI COS NI INDIA NI ASIA NI ASIAX NI US NI WNEWS NI NORTHAM -0- (BN ) Jan/23/2001 8:58 GMT
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