TNCs as aid agencies? Enron and the Dabhol power plant

Ecologist

Volumn 26, Issue 4, 1996, Pages 179-184

  Wagle, Subodh ^a  

^a UNIVERSITY OF DELAWARE   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

AID; DEVELOPING COUNTRY; DEVELOPMENT ROLE; INTERNATIONAL AID; MULTINATIONAL ENTERPRISE; NEOCOLONIALISM; PRIVATE SECTOR; TRANSNATIONAL PRODUCTION;

INDIA, MAHARASHTRA;

EID: 0030426041     PISSN: 02613131     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (28)

1. Powers, L., Testimony before the Committee on Appropriations, Sub-Committee on Foreign Operations, US House of Representatives, 31 January 1995, p.2.
2. Ibid., p.5.
3. Ibid., p.7.
4. Ibid., p.6.
5. Samant, P.B., "Enroncha Dabhol Prakalp: Shap ki Vardaan?" ("Enron's Dabhol Project: A Curse of a Boon?"), Loksatta, 16 April 1995.
6. Ibid.
7. Indranet, Indranet Journal, "Enron: The Power To Do It All!", (special issue on the Dabhol Power Project, Maharashtra), Vol. 3, No. 2-4, 1994, Bombay, p.8.
8. Powers, L., op. cit. 1, p.6.
9. Ibid., p.7.
10. Industrial Development Bank of India (IDBI), advertisement on back cover page of Economic and Political Weekly, XXX:24, 17 June 1995.
11. Sridhar, V., Ram, N. and Perez, C., "The Scandalous Enron Deal", Frontline, 7 April 1995.
12. Indranet, op. cit. 7, p.9, ref.20.
13. Ibid. p.9.
14. Ibid., p. 11, ref 13.
15. Powers, L., op. cit. 1, p.6.
16. Ibid., p.7.
17. At present, only landowning families receive compensation for acquisition of their land. Most houses in the communities affected by the project will be left untouched to avoid pay comprehensive compensation, but as private and public land surrounding their homes is enclosed, as well as the estuary, many people will not be able to maintain their livelihoods and will eventually have to move.
18. Powers, L., op, cit. 1, p.6, original emphasis.
19. Industrial Development Bank of India (IDBI), detailed appraisal note on Enron's request for finance, 1994.
20. Powers, L., op. cit. 1, p.3.
21. Ibid., p.5.
22. Ibid.
23. Indranet, op. cit. 7, p.9.
24. Ibid., p.4.
25. Parikh, K., "The Enron Deal: Renegotiating the Second Phase", Times of India, 28 April 1995.
26. Sant, G., Dixit, S. and Wagle, S., "Dabhol Project PPA: Structure and TechnoEconomic Implications", Economic and Political Weekly, XXX:24, 17 June 1995, p.1455.
27. In many regions in the US, the electricity tariff for residential consumers is higher than that for industrial consumers. Another mechanism to subsidize industrial electricity consumption is the Economic Development Rate (EDR), a low tariff offered to selected industries which threaten to move out of a particular region. The private electric utility is compensated for the EDR by the city or state government, ultimately by taxpayers.
28. Powers, L., op. cit. 1, p.4.