"Of the second phase, 75 per cent of work is over. Three LNG tanks are already up and the plant should be ready by December 2001," Sanjay Bhatnagar, chief executive officer of Enron India, said here. The first phase of the plant was naphtha-based with a capacity of 740 mw.

Speaking at the seminar on challenges for power sector, Bhatnagar said there was need for liberalising the sector from various regulations and central planning in order to meet the target of adding one lakh mw of power by 2012.There was need to liberalise not only the generation but also transmission and distribution areas, he said adding that customers should be given a choice of buying power from different suppliers.

Asked whether Enron was planning to enter the transmission sector, Bhatnagar said "we are ready to invest in all sectors which are economically viable," and added that investments need to be made attractive.