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dam-l LS: Power Play - New Book on Enron in India
>Date: Mon, 3 Jan 2000 03:04:03 +0530
>From: am <am@altindia.net>
>Subject: Book on Enron
>
>Power Play
>
>Power Play (Abhay Mehta, 1999/2000; Publisher Orient Longman, Pages
>226, Price Rs195)
>(The book ought to be available at most major bookstores in the
>country,is also available
>on line at http://www.altindia.net/pp)
>
>This book is detailed study of the working of the power sector in
>India, and focuses on Enron
>Corporation's power project in Maharashtra, dealing with the social,
>political, economic and
>legal aspects of the project. The book traces the history of the
>project and places it in the
>larger context of power policy in India. It also discusses
>-briefly-some other major power
>projects in the country (including a section on the Cogentrix
>project as well as the controversy
>surrounding the Panna Mukta oilfields.
>
>This is the first book to document in such detail the implications
>of the largest contract in
>the history of India- .The payments on this single contract contract
>constitute one of the
>largest contracts (civilian or military) in world history, and the
>single largest contract
>in India's history. Total payments under the PPA amount to about US
>$ 35,000 million dollars
>over the life of the contract. A conservative low end estimate of
>the NPV of this stream of
>payments is about US$17 billion to about US$23 to 25 billion (Rs
>1,30,000 crores). Profits on
>this range are estimated to be in the U$ 6-8 billion range (Rs
>30,000 crores) range over
>the life of the contract.
>
>The inside story of how Enron managed to procure the contract,is
>based on internal official
>government correspondence, files and documentation largely marked
>'SECRET' or 'CONFIDENTIAL'.
>from sources as diverse as notes prepared for the cabinets of India
>as well as Maharashtra;
>the Prime Minister's Office (PMO), to the GoM's and MSEB's internal
>documentation.
>
>Outlook Magazine in its issue dated Dec 13 1999;
>(Online at http://www.outlookindia.com/19991213/enron.htm)
>has carried extracts from the book-
>
>
> Preliminary Reviews
>Star Business News (14/12/99)
>"Explosive"
>
>Dilip Raote in Midday
>(Power Play)… "hints at far more horrors than it presents in a deadpan manner.
>I hope the book becomes a bestseller. It deserves to be one, because
>it tells us about how
>our state and central Governments make business deals with foreign companies."
>
>Bombay Times (Times of India)
>(Power Play).". is likely to embarrass the govt. Nothing could have
>been more ill-timed
>for the Maharashtra government than a study of the controversial
>Enron Dabhol power
>project in a book format".
>
>Business Standard (18/12/99)
>Carried extracts from the book
>
>Praful Bidwai, Syndicated Columnist
>"Superb"