The Foreign Investment Promotion Board(FIPB) on Saturday cleared US multinational Enron's proposal to bring in $452.7 million foreign direct investment (FDI) in the Dabhol (Phase-II) power project in Maharashtra. According to the proposal cleared by the Board, Enron would hold a 100 per cent stake in the 1,444 MW second phase. However, Maharashtra State Electricity Board (MSEB) would have the option to pick up a 30 per cent stake in the project at a later stage, industry ministry sources said.