Articles by Kannan Srinivasan

Kannan Srinivasan India's demand for petroleum products is rising sharply even as domestic production declines. The Oil and Natural Gas Commission was set up with the national priority of making India increasingly self-sufficient in hydrocarbons. It was run down by subordinating the geo-scientists in the Commission and their procedures to the goal of immediate production at the expense of the long-term. Today nearly every department of the ONGC is mismanaged and corrupt. The company (as it now is) should revert to its original role of the national oil company. Output can be greatly increased in producing fields, and production should be commenced in other areas such as the Assam-Arakan.

Indian Power Policy, Enron and the BoP Kannan Srinivasan The Enron deal has given investors an unrealistic expectation of the returns they can receive under the government's power policy. Glimpses provided by documents of how the government decided on Enron show it to have been fully aware of the damage this decision would cause. The Amended Power Purchase Agreement negotiated by the committee appointed by the Shiv Sena-BJP government is even worse for the interests of Maharashtra than the Congress original of 1994. The balance of payments consequences of fuel imports for naphtha and fuel oil-based power plants will be ruinous.

Power Projects Case of Spectrum's PPA THE Andhra Pradesh State Electricity Board's (APSHB) Power Purchase Agreement (PPA) with Spectrum Power Generation (SPGL) on July 13, 1994 illustrates the returns available to investors in the seven "last-track' power projects. Like the others, the contract has been negotiated not awarded though through any competitive process. And like them, the return on equity is assured; the investors include manufacturers of power plant equipment; there is no special incentive to minimise the cost.

January 3-10, 1987 The Supreme Court and Its Chief The judge is not a mason, but an architect.
There is no ad hocism about a truly great judge. He must be absolutely clear where he is going,

BHOPAL Working with the Government Kannan Srinivasan TWO voluntary workers, Gautam Bannerjee and David Bergman were arrested in Bhopal on September 5 under a law that covers spying and acting for a foreign power against the national security. They have been very severely interrogated. Fresh warrants have been issued for other persons, and the Madhya Pradesh government is reportedly building a major conspiracy case. These arrests are in fact the culmination of a process: an attempt to work constructively with the government.