Welcome

Anti Essays offers essay examples to help students with their essay writing.

Sign Up

Dabhol Essay

Open Document

Below is an essay on "Dabhol" from Anti Essays, your source for research papers, essays, and term paper examples.

submitted by –
group 1, section A
Aditya Agarwal (2012pgp013)
ankit shrivastava (2012pgp045)
hitesh chandnani (2012pgp136)
SHAH SOHAM SAMIR ANJANI (2012pgp348)

submitted by –
group 1, section A
Aditya Agarwal (2012pgp013)
ankit shrivastava (2012pgp045)
hitesh chandnani (2012pgp136)
SHAH SOHAM SAMIR ANJANI (2012pgp348)

August 26, 2013
August 26, 2013
PROJECT APPRAISAL AND FINANCING

PROJECT APPRAISAL AND FINANCING

DABHOL POWER PROJECT (A)

DABHOL POWER PROJECT (A)

  * INTRODUCTION
As on 1996, the $2.9 billion Dabhol power project had for all practical purposed come to an end. The project was a 2,184 megawatts largest gas-fired power plant in the world at that time. The journey that started with a partnership between Enron, Bechtel Enterprises, General Electric and the Maharashtra State Electricity Board in 1992 that looked to building a significant power plant in Maharashtra, India had deteriorated to a point that all electricity production had come to a grinding halt.

In retrospect the project would never have been viable in the first place with a government agency subsiding prices to the consumer on one end and paying competitive market rates on the other. It was a matter of time till the project became untenable. The Enron accounting scandal also greatly exacerbated matters.

What followed the project going bust was a series of accusations and counter-accusations between the stakeholders that eventually reached the ICC International Court of Arbitration for resolution. However, the project had still a lot of potential to cater to the vast energy deficiency that plagued India and the government would do well to revive the stalled Dabhol Power Company. Revival of the company would involve bringing in new sponsors and all new negotiated agreements between the stakeholders.

The Dabhol Power Project is a classic example of how an unsustainable project arrangement will eventually catch-up and create issues for sponsors, lenders...

Show More


Citations

MLA Citation

"Dabhol". Anti Essays. 15 Dec. 2018

<http://parimatchstavki7.com/free-essays/Dabhol-507042.html>

APA Citation

Dabhol. Anti Essays. Retrieved December 15, 2018, from the World Wide Web: http://parimatchstavki7.com/free-essays/Dabhol-507042.html