Prabhu’s Power-Sector Reforms Public Investment For Private Appropriation

Suresh Prabhu in a recent interview (Business Line: January 22, 2002) spelt out his views on power sector reforms. He has admitted that the policies of the past ten years have failed to address the … Read more

Andhra’s IPP Policy: Private Loot of Public Finances

Andhra Pradesh has recently signed a Memorandum of Agreement (MoA) with a set of Financial Institutions (FIs), primarily Power Finance Corporation (PFC) and Industrial Development Bank of India (IDBI), so that that these FIs can … Read more

SEB Finances: In a Nutcracker

CURRENTLY, the finances of the State Electricity Boards (SEBs) are in complete shambles. The report of the Expert Group headed by Montek Singh Ahluwalia, set up to address this issue, has suggested “a one time … Read more

Friends of Enron: A Powerful Lobby

THE Enron case is taking a curious turn indeed. From the US Ambassador to Bal Thakeray, from Dick Cheney to Sonia Gandhi, all are now talking of the need to solve the Dabhol-Enron issue amicably. … Read more

Enron’s Pawar Game

THE two states, Maharashtra in India and California in the US, have many things in common. Both are the most economically advanced states in their countries; both are passing through a serious power crisis; in … Read more

The Chief Ministers Conference False Consensus on Bankrupt Path

ON March 3, a Chief Ministers (CMs) Conference was held in New Delhi to chalk out a programme for the power sector. This was similar to many such conferences held in the past, namely the … Read more

Power Play in California

The sunny state of California, home to the digital revolution and the Silicon Valley, is in the throes of an unprecedented electricity crisis. California is faced with rolling blackouts, bankrupt utilities and rising electricity bills. … Read more

Power Sector: A Time Bomb Ticking Away

THE priority in the power sector has been to chase high cost power to meet mythical demands. As Enron has shown, the result of adding a huge amount of costly power leads to bankrupting the … Read more