The New York Times by Vikas Bajaj
View Original Article HERE
NELLORE, India — India has long struggled to provide enough electricity
to light its homes and power its industry around the clock. In recent
years, the government and private sector sought to change that by
building scores of new power plants.
But that campaign is now running into difficulties because the country cannot get enough fuel — principally coal
— to run the plants. Clumsy policies, poor management and environmental
concerns have hampered the country’s efforts to dig up fuel fast enough
to keep up with its growing need for power.
A complex system of subsidies and price controls has limited investment, particularly in resources like coal and natural gas.
It has also created anomalies, like retail electricity prices that are
lower than the cost of producing power, which lead to big losses at
state-owned utilities. An unsettled debate about how much of its forests
India should turn over to mining has also limited coal production. MORE.................
No comments:
Post a Comment