The global economy is recovering at a snail’s pace. However, there are structural changes underway. Electricity is fast emerging as the primary choice of fuel in automobiles, instead of petrol and diesel. On the supply side, renewables are replacing conventional thermal-based energy sources.
As the world is adapting to this change, India continues to grapple with the issues facing electricity generation and consumption. The government is striving to provide power to every household in the country but is still not able to get the supply side equation right.
Though renewable power is attracting a lot of interest, it has become a victim of its own success. The sharp reduction in renewable power tariff resulted in state electricity boards demanding lower tariffs to align with these rates from older units. Add to that the ongoing confusion in policy and we have a sunrise industry eclipsed by unclear policies. Read More…
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