The Enron Corporation of the USA negotiated with the Government of India a
major power generation project that soon got embroiled in controversies rel
ating to technical, economic, political and environmental considerations. T
he project was widely looked upon as a bell-wether for infrastructural inve
stment in India. The article reviews the case from the perspective of stake
holder management and derives lessons for prospective investors targeting e
merging economies. (C) 1999 Elsevier Science Ltd. All rights reserved.