energy efficient.... so he is going to unleash the Enron boys upon the world again.... hoping it will work without their plots being uncovered this time.... kidding of course.
http://www.atimes.com/reports/CA13Ai01.htmlSpecial Reports
Enron's eight-year power struggle in India
By Tony Allison
Contents
1. Introduction
2. Intrigue, accusations and acrimony
3. Summary of concerns
4. Human rights concerns
5. Enron in India
6. India's energy sector
1. Introduction
On January 9, the Maharashtra state government in India averted an immediate crisis by coughing up US$24 million for the Maharashtra State Electricity Board (MSEB) to pay some of the money it owed the Enron-controlled Dabhol Power Corporation (DPC) for the purchase of electricity.
The release of the money to the cash-strapped MSEB, the state's electricity utility, has temporarily defused what was threatening to blow up into a major dispute between the DPC and the state authorities. The DPC, which is majority-owned by a subsidiary of the American energy giant Enron Corp, operates a 740 megawatt (MW) combined-cycle power plant, and serves as its fuel manager. The MSEB had not paid the DPC since October 2000. It still owes $48 million in arrears for November and $34 million for December.
However, the crisis is not yet over as the state government has formed a high-powered committee to review the power purchase agreement (PPA) of Phase II of the project, which is already under construction. It is expected to reach a decision in a few weeks.