India is scaling back expectations for power demand growth as it struggles to electrify millions of homes despite a glut in generation capacity.
The world’s second-most populous nation is building more power plants than it can utilize as state-level distributors struggle to connect 50 million households, according to Ravindra Kumar Verma, head of the Central Electricity Authority, the power ministry’s planning arm. As a result, about 25 gigawatts of coal-fired power-generating capacity is “stranded” and unused, he said. That’s equivalent to the entire installed capacity of neighbouring Pakistan. Read More…
Credit By: The Economic Times
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