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Privatising Power Cuts? - Ownership and Reform of State Electricity Boards in India (Hardcover)
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Privatising Power Cuts? - Ownership and Reform of State Electricity Boards in India (Hardcover)
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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 investors will
come without guarantees, thus the public has impression that SEBs
are 'privatised for a song', while the economists 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 and afford, the way Delhi did,
paying for endlessly re-negotiable financial guarantees.
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