- 1992: Centre invites Enron to set up 'fast track' power project
- Dec 1993: First PPA signed with MSEB
- 1994: Enron starts construction
- 1995: Sena-BJP govt scraps Enron
- 1996: State govt renegotiates project
- 1996: 13-day Vajpayee govt approves counter-guarantee
- May 1996: State cabinet clears PPA
- May 13, 1999: Phase I commissioned
- Jul 1999: Financial closure for Phase II
- Oct 2000: MSEB defaults on payment, subsequently stops paying monthly bills
- Feb 6, 2001: Enron invokes Central government's counter-guarantee