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In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.

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Arevon Celebrates Commencement of Operations at the 300-MW Nighthawk Energy Storage Project in California

LCG, August 12, 2026--Arevon Energy, Inc., an energy developer, owner, and operator, today announced that its 300 MW/1,200 MWh Nighthawk Energy Storage Project in Poway, California, is now operational. Arevon celebrated the project's completion with an on-site ribbon-cutting ceremony attended by project partners, local officials, and others who helped bring the project online. Nighthawk, the largest standalone storage facility in the company's portfolio, should enhance system reliability and is among the San Diego region's most significant energy storage facilities.

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Industry News

Indian Lenders Sue Enron's Dabhol Power

LCG, Nov. 8, 2001--Enron Corp.'s Dabhol Power Co. in western India yesterday canceled a meeting with four Indian lenders after the institutions filed a lawsuit against the U.S. energy company and three other parties demanding that work on the unfinished Dabhol power station be resumed.

Enron was scheduled to begin two days of meetings today in Singapore with the lenders to discuss bids by two Indian companies to acquire a stake in the $2.9 billion Dabhol Power Co.

Industrial Bank of India, Industrial Finance Corporation of India, State Bank of India and ICICI petitioned a Bombay court to demand that work on the power project in the western Indian state of Maharashtra be resumed to ensure adequate cash flows to the project and help its promoters make payments to the four financial institutions.

The 740 megawatt Phase 1 of Dabhol had been producing power for nearly a year and the 2,144 megawatt Phase 2 was less than a month from completion when Enron shut down both last June, citing difficulty in getting paid for power generated by Dabhol.

If work at Dabhol were resumed, the problem of getting paid would still exist. For that reason, the suit initiated by the four lenders also includes as defendants the government of India, the government of Maharashtra state and the Maharashtra State Electricity Board, which is Dabhol's sole customer.

The Singapore meeting was to have addressed bids by two Indian companies, Tata Power and Bombay Suburban Electricity Supply, to acquire Enron's 65 percent stake in Dabhol. Enron has lowered its selling price from $1 billion to $850 billion.

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