ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Lessons from Dabhol

The invoking of the central government’s counterguarantee by Enron-promoted Dabhol Power Company for payment of dues by the Maharashtra State Electricity Board (MSEB) and the setting up of yet another committee to review the project are significant developments in the reform of the power sector. Of the problems specific to Dabhol, a clear picture may be expected to emerge after the second review committee, whose composition is reassuring in terms of expertise and balance, submits its report. However, the Dabhol imbroglio offers some general lessons for power sector reforms, which can be ignored only at great cost to the economy.
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