Proposed nine years ago as the world's largest hydroelectric dam that would export power to China and India, the project appears all set to be revived, with Enron applying for a licence to study the possibility of building a hydroelectric dam on Nepal's Karnali river. This was reported by Reuters, quoting a senior Nepali official on Sunday.

In 1996, Enron Renewable Energy Corp, another subsidiary of Enron Corp, submitted a plan to build the Karnali dam and export electricity to neighbouring India and China. It withdrew the proposal in April 1998 because of uncertainty over the export market.

"Enron International has applied for a survey licence to conduct the detailed feasibility of the project," Electricity Development Centre (EDC) deputy director general, Kishor Babu Aryal, told Reuters.

"Wehave...invited them to come for completing necessary formalities and procedures," he said. Enron International is a subsidiary of Enron Corp.