ORA-26566: Couldn't open connect to string
Cause : Failed to open connection using given dblink
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Make sure that the dblink is valid and remote m/c is up.
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.