Click here for the government of Maharashtra's guarantee. Click here for some striking excerpts from the guarantees. We feel the deal should be scrapped. Click here for more details . This is the estimated cash value of the power purchase agreement between the Dabhol Power Company and the MSEB over the next 20 years.
Details are in the documents hyperlinked from our earlier replies.
Our estimate is based on the PPA of which we have a copy, but which remains secret from the public. This is roughly 22 per cent of the entire state budget. We would also like to point out that the Enron deal has already hurt Maharashtra significantly. The MSEB is bankrupt, and the Maharashtra state government has defaulted on payments. All these developments had been foreseen by the critics of the DPC deal, and yet would have been brushed off as unnecessarily alarmist even a few months ago.