Power, pricing and politics

  • 02/05/2001

  • Asian Wall Street Journal (Hong Kong)

India's power problem is back on the front burner because global generating giant Enron is threatening to turn off the lights at its Dabhol plant and walk away from a contract with the Maharashtra State Electricity Board. In an effort to collect $48 million owed for electricity already supplied, the American company has invoked a political force majeure, but without much success. (Editorial)