ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Aftershocks of Dabhol Power Project

The ruling political and bureaucratic elite seem to believe that the ghost of Enron project and the monumental failure of governance in its approval can be exorcised by reviving it at any cost. The settlement reached with the two foreign equity holders and the international banks and financial institutions is far too generous. In addition there are the large subsidies (estimated at Rs 10,000 crore) doled out at the cost of the unsuspecting taxpayer to hide from public scrutiny how totally unviable this project was.

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