Life after Enron

Life after Enron Jayati Ghosh Abhijit Sen C P Chandrasekhar The Enron agreement was only one of eight so-called fast track' agreements with multinational companies on terms, essentially dictated by the union ministry of power, which are ruinous for the concerned state governments and for power consumers. However, the danger of focusing only on these specific projects is that attention may be diverted from the more fundamental task of framing a new policy for the power sector. What are the dimensions of the crisis facing the power sector and how can it be resolved? Confusion on these basic issues has led to many reactions to the Enron fiasco which are erroneous and misleading.