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Why Enron is such bad news for Maharashtra: The Indian Express
The good news first. While not a day passes without top Maharashtra politicians threatening to cancel the second phase of the Enron-owned Dabhol Power Company`s (DPC) power project, DPC`s costs are actually much lower than the oft-touted Rs 7.8 -- the average price the Maharashtra State Electricity Board (MSEB) pays DPC is RS 4.3 per unit of power.
The good news first. While not a day passes without top Maharashtra politicians threatening to cancel the second phase of the Enron-owned Dabhol Power Company's (DPC) power project, DPC's costs are actually much lower than the oft-touted Rs 7.8 -- the average price the Maharashtra State Electricity Board (MSEB) pays DPC is RS 4.3 per unit of power.
The reason why Dabhol's bill for July indicates a cost of Rs 7.8 is a statistical absurdity. You see, the government had guaranteed to buy 90 per cent in July -- it had to pay DPC a committed fee for even the power it didn't buy. This made the average price paid look higher.
The reason why Dabhol's bill for July indicates a cost of Rs 7.8 is a statistical absurdity. You see, the government had guaranteed to buy 90 per cent in July -- it had to pay DPC a committed fee for even the power it didn't buy. This made the average price paid look higher.