14 May, 2021

The Real Story Of Dabhol

If a judicial probe, suggested by the committee, is ordered into the Enron deal, it could embarrass three governments

The Real Story Of Dabhol
"The Committee has prima facie found infirmities in several decisions taken in respect of the Enron project at different points of time by successive governments and agencies in the Centre and state."
--Energy Review Committee headed by former home secretary Madhav Godbole

This could well be the real Enron story. A five-member high-powered committee headed by Madhav Godbole—and including former Union economic affairs secretary E.A.S. Sarma, hdfc chairman Deepak Parekh, teri chairman Rajendra Pachauri and Maharashtra government official Vinay Mohan Lal—has recommended a judicial probe into the entire Enron power project deal saying it signified "the utter failure of governance that seems to have characterised almost every step of the decision-making process relating to the Dabhol project".

The report, which was submitted to the Maharashtra government last fortnight and has been acquired by Outlook, is severely critical of former chief minister Sharad Pawar (with the Congress then), the 13-day bjp-led Union government which reworked the deal in 1996, Shiv...

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