Enron corporation's power project in India Essay

Enron corporation's power project in India - Essay Example Enron entered into a contract with the Maharashtra Sate Electricity Board (MSEB) by risking its and its allied companies’ stakes in Dabhol Power Project (DPP). The discussions for the project started with the two principal stakeholders from the Indian side, the Indian state of Maharashtra and the other was Maharashtra State Electricity Board (MSEB). The project proposal of building a 2015 megawatt power plant with the investment of US$3 billion was given a green signal initially (Negotiation-project-India, 2010). Enron was not the only principal stakeholder; it was a sort of joint collaboration with the investment of 10% each by General Electric and Bechtel. Sustenance of the project was detriment to the availability of Liquefied Natural Gas to power the plant, which Enron planned to secure from one of its joint venture in Qatar, 1200 miles away from the power plant situated in Dabhol. The project was the largest ever project taken by Enron in India, supposed to produce electr icity in two phases. In the first phase it was planned to produce 695 megawatts from the locally available LNG, while the second phase target was to produce 1320 megawatts through natural gas channeled from Qatar (Negotiation-project-India, 2010).Enron was expecting huge profits from this project for the company investors from the MSEB of Maharashtra. It took just five days to materialize the contract by signing a memorandum of agreement between the MSEB and DPP. (Negotiation-project-India, 2010).... Sustenance of the project was detriment to the availability of Liquefied Natural Gas to power the plant, which Enron planned to secure from one of its joint venture in Qatar, 1200 miles away from the power plant situated in Dabhol. The project was the largest ever project taken by Enron in India, supposed to produce electricity in two phases. In the first phase it was planned to produce 695 megawatts from the locally available LNG, while the second phase target was to produce 1320 megawatts through natural gas channeled from Qatar (Negotiation-project-India, 2010). Enron was expecting huge profits from this project for the company investors from the MSEB of Maharashtra. It took just five days to materialize the contract by signing a memorandum of agreement between the MSEB and DPP, representing Enron of purchasing electricity at the rate of 7.3 US cents per kilowatt hour (Negotiation-project-India, 2010). What went wrong that the project failed? From the very start, it was a mistake made by the management at Enron to invest in a technology-efficient project in India without attempting an analysis of Indian socio-political environment. One thing became clear that the project was cleared without adhering to set legal and corporate procedures, essential for such a huge global venture. It also became evident that Enron adopted the unethical path in securing the contract. It was totally in the darkness over the political unsettling environment in India. All its negotiating and renegotiating expertise failed as the MSEB could not pay the bill against the used electricity. Enron had to confront opposition from many fronts; it had to initiate counter-campaigns to create positive conditions in its favor; legal battles also ensued.

Style & Genre Essay Example | Topics and Well Written Essays - 2500 words

Style & Genre - Essay Example Moreover, it comforts people in rituals and in expressing physical fitness as well. The fact that music is commonly listened does not mean everyone is a fun and for those who listen to it choose according to their tastes. It is also chosen according to age and references of various groups. It makes people relax and reduce unhelpful thoughts in life hence eradicating or reducing stress in day to day life. In addition to that, it enhances mood management and reduces loneliness. It keeps people busy in their workings and reduces idleness thus reducing time wasted in bad things such as involvement in drugs. Duration- this refers to sound length and silences in between music that includes beats and rhythm. This can be seen during silence period, where beats make the music moving, thus enhancing music sweetness. Pitch- this is shown by the highness or lowness in music sound. It is one of the aspects considered when composing a song. If the pitch is too high, sound is heard to be irritating and does not draw listener’s attention. Dynamics- this is characterised by sound volume of the song. It is the softness and loudness of the music and how individual emphasises on sounds. If the volume is too high to listeners, then many will not create interest to it though it is not recommended to be too soft. Tone color- this is what allows the music listener to differentiate or identify sound sources or combination of sound sources. If the individual’s voices are combined with the instrument sounds, the music becomes more interesting hence drawing the attention of many. Formal and technical rules- Johnson, Fulcher and Ertman (2007) emphasise that, these rules are the most considered in music composition. Many may not put into consideration the other rules as such, but these are as a must to be applied in music language. This is because the music should have a well grammar sentences and