India's Growing Energy Woes

摘要

At the end of the day, while fuel supply constraints do impact on the country's energy security, and particularly the power sector, it is poor governance that has been mainly responsible for the dismal state of the country's energy woes. Whether due to corruption in the granting of clearances for mining or power and other energy projects, or theft/diversion of power, refusal to implement reforms related to pricing and subsidies, or taking decision based solely on vote bank considerations, it has led to a poor investment climate in upstream as well as downstream energy projects, including greenfield power projects, and a lack of upgradation of infrastructure, thereby contributing to higher transmission and distribution losses.