Privatising Power Cuts? Ownership and Reform of State Electricity Boards in India

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Beyond ideologies, beyond hiccups and cycles of reforms, privatisation of State Electricity Boards of India (SEBs), just alike their public reform, are structurally stalled. The book argues, the emphasis on ownership is misleading, and needs being articulated more subtly to a look at organisational structure of SEBs. An in-depth enquiry in SEBs shows how privatisation is a one-sided game that has no real takers as long as SEBs remain organisations in which all technical, accounting, financial parameters are at the least hazy, often unknown. No investor will come without guarantees, thus the public has the impression that SEBs are ‘privatised for a song’, while the economist feels they are virtually value less….. while in practice awaited investors do not even turn up. The book pinpoints, as the core of the stalemate, to the misconception in the very concepts generally used to analyse the internal organisation, the functioning, and the nature of SEBs. SEBs have now to undergo a specific and structural series of organisational changes, that the author calls ‘enterprisation’. Privatisation is far from being the only tool for achieving this, among a wide set of public-private partnerships. The matter is of importance, for not all states can afford, the way Delhi did, paying for endlessly re-negotiable financial guarantees.

ABOUT THE AUTHOR Joel Ruet

Joel Ruet holds a Ph.D. in Economics (Paris) and is an Engineer from the Ecole des Mines, Paris. He has been working for EDF, the French public power company for several years. Since 2000 he has been the Head of the Economics Department, Centre de Sciences Humaines, New Delhi. His specialization is in the areas of reform of electricity sector in various countries, and socio-economic study of the public sector in India.

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Bibliographic information

Title
Privatising Power Cuts? Ownership and Reform of State Electricity Boards in India
Author
Edition
1st ed.
Publisher
ISBN
8171884164
Length
339p.
Subjects