India must look at ensuring steady power supply to households for the government’s electrification drive to be truly successful, and merely adding new consumers to the electricity grid is not enough, a senior World Bank economist said.
“It’s very important that connected households receive adequate level of services because the size of the benefits of electrification depends on the reliability of electricity supply. Universal electrification without ensuring reliability is a wasted ppportunity,” Fan Zhang, Senior Economist for the South Asia region at World Bank told ET on the sidelines of the launch of a report assessing the cost of power sector distortion in South Asia.
The World Bank said in the report that India lost a whopping $86.1 billion, or around 4% of its GDP because of distortions in the power sector in 2016. Read More
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