ORA-06132: NETTCP: access denied, wrong password
Cause : The host SQL*Net TCP/IP server rejected this connection request because the client password did not match the host password.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
To grant access, get passwords in sync.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.