The incoming power minister is unlikely to be troubled by any of the burning issues that her predecessors will have routinely faced early in their tenure. We are in this position having successfully tackled our long-running ordeals with power shortages, depleting fuel stocks, rising energy prices, and millions of homes without power connections. We grabbed the limelight too in tackling climate change with ambitious programs to scale up renewable energy and deploy conservation measures. The progress across many fronts has propelled India to become the world’s third largest power market.
The challenges that the government faces now are more fundamental. The current industry structure is growing obsolete and increasingly ill equipped to cater to the new demands. The power minister will have to work with the state governments to build consensus for a new reform agenda and a new industry structure. Read More