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May 15, 2001
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Money > Business Headlines > Report May 15, 2001 |
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Sarma, Pachauri, Parikh quit Godbole panelOur Correspondent in Bombay Efforts to re-negotiate the Enron power deal have received a jolt, with three members of the nine-member Madhav Godbole committee opting out of the negotiations. The Godbole committee was set up by the Maharashtra government to re-negotiate the deal with Enron. E A S Sarma, former Union energy secretary and the Andhra Pradesh Electricity Board member, Rajendra Pachauri, director, Tata Energy Research Institute, and Kirit Parikh, professor emeritus, Indira Gandhi Institute of Developmental Research have, reportedly, told the government that they do not have the time to attend the committee's meetings. The trio was absent from the committee's first meeting with DPC officials held last week. Pachauri confirmed to rediff.com that he has communicated to the government his unavailability even before the first meeting with Enron officials took place. "I did not have time to spare so I told the government that I would not be able to attend the meetings," he said. Surprisingly, he said that the government had not consulted with him before he was named on the re-negotiations panel. Parikh too is understood to have stayed away from the deliberations of the re-negotiation panel. Parikh has been out of the country even before the panel could have its first meeting. He is expected back towards the end of this week. Parikh's disinterest has been apparent. He barely attended any of the meetings of the Godbole panel and had earlier expressed a desire to opt out of the Enron deliberations. "I do not have time to attend these meetings," he had said when earlier enquired about the status of the Godbole panel report. The Maharashtra government had set up the nine-member committee headed by former bureaucrat Madhav Godbole, on April 30, to renegotiate the controversial power purchase agreement with the Enron-promoted Dabhol Power Company. The committee has submitted an interim report and a final one is expected by May 31. The members now on the committee apart from Madhav Godbole are: HDFC chairman Deepak Parikh, Maharashtra Principal energy secretary V M Lal, a representative of the Centre, finance secretary S K Shrivastava and Maharashtra State Electricity Board chairman Vinay Bansal. The government said that it had chosen Godbole to head the re-negotiation team since he has dealt with every minute detail of the 2,184 MW Dabhol Power Project. Godbole was head of the Maharashtra state energy review committee which recently submitted a report on the Enron project to the state government. In that report, he had strongly criticised the way the deal was conducted and had recommended re-negotiation of tariff and loans as an option. YOU MAY ALSO WANT TO READ:
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