Monday, February 25, 2002

Enron Projects Used Government Loans



WASHINGTON (AP) - As Enron Corp. reached for markets overseas, power plants it helped build from Guatemala to India received $1.2 billion in government-backed loans from two U.S. agencies.
The Overseas Private Investment Corp. still is owed $453 million from the Enron-related projects while the Export-Import Bank is due $512 million.
"They're definitely among our top 10 borrowers," OPIC spokesman Larry Spinelli said.




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