NEW DELHI. Oct 9: The US power giant Enron plans to make India the hub of its power and gas operations in Asia by investing more than 5 billion -US dollars, news reports said Thursday, according to AP.

Enron hopes to complete at the first phase of a plant near Bombay ahead of schedule and also speed up establishing a larger second unit to make the 1.2 billion dollars project the largest private sector power unit in India, the Pioneer newspaper reported.

Enron has now set up a 100 per cent subsidiary. Enron India Ltd., to handle its power, gas supply and marketing projects.

Enron's plans for expanding Investment in India come despite court troubles it has faced here. Work on the plant near Bombay was stalled after Enron was accused of securing the contract through bribes, charges of which the company was cleared in court.