India need not follow the development strategies dictated by Moody's etc. India's social fabric is different from other countries. Our development should be in line with the system evolved over many centuries. To break it is suicidal.
This deal was imposed on us. It is not a well thought out deal. For some it is. How does it influence the system now when the energy from the deal will flow only after a decade at a huge cost?
The terms of projects etc are NEGOTIATED during the year long visits (ninety times) by our big boss. 20000 MW target can not be achieved in ten years unless unconventional methods are followed. Most probably prefabricated and BOT method will be adopted financed of course by foreign loans. The whole management will be under the control of the company. All senior jobs (appx 300) will be for foreigners with luxury perks ($5000 – $10000 pm) prevailing in foreign countries boosting the over all cost. Most tools & plants and materials will be from abroad even if they are available here. There are clauses in the terms negotiated limiting India's interference. Further there is a clause arranging a separate channel in RBI (refer RBI governor's selection) for remittance abroad from these projects. Heavy foreign remittances and loan payments will add up the total cost making the unit cost unbearable. Refer ENRON project. Learn from experience!!
