Have a cursory view of the Dabhol plant (ENRON) As per the PPA (1993) the MSEB was to take 90% of the power generated. Also 16% profit was allowed. The unit price and profit was tied to dollar terms. So it did take care of the inflation. The project was completed in 1999. The Dabhol company projected energy cost of Rs2.65 per kwh in 1993. By the end of 2000 the unit price rose to Rs7/80 per kwh. I do not know the present rate. Any one can furnish?
Total cost of Dabhol was max. Rs10,000 crores. Max inflow of foeign exchange was Rs6000 crores. The foreign exchange out-flow was a staggering 100,000 cores. How it happened? A research will bring out the truth.
We can just imagine the HORSE TDADING that would follow in the $100 Billion projects that follow the N-deal. There was regular change of government in Maharashtra every five years. Similarly we can expect a change in the centre. They are well-versed in the horse-trading that is to be undertaken in India. Also the modus-operandi. Beware , Indians!!!
