Skullduggery in a time of Enron: Remembering Abhay Mehta
In his 1999 book Power Play, the perceptive, dogged analyst Abhay Mehta had warned of the perversity and more in Enron's deal with MSEB
Somewhere in my musty papers, I have a clipping of a Hindustan Times report from 8 July 1999. It says that the Maharashtra State Electricity Board (MSEB) asked the Tata Electric Co. (TEC) to “back down its power generation by 200-400 MW". TEC was then the major supplier of electricity to the city of Mumbai, and this was a significant chunk—11-22%—of its installed capacity.
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