India mined more coal, built more power plants and distribution companies connected millions of homes to the grid over four years leading up to 2019. But those companies are now saddled with a record debt that hinders a key government promise.
24×7 power is the government’s priority, India’s new power minister Raj Kumar Singh said on May 30. His predecessor, Piyush Goyal, declared India a power surplus country two years ago. A government dashboard says 99.99% of rural homes – which account for nearly 7 in 10 Indian homes – now have grid power.
At the root of the contradictions between almost-universal electrification, surplus electricity and the inability to supply it around-the-clock to Indian homes is a debt that burdens state-owned electricity distribution companies nationwide Read More
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