The government is planning a complete overhaul of the way the power sector is financed and subsidies are delivered, attempting to address a funding shortfall delaying the construction of electricity projects and worsening a chronic power deficit that threatens to sap growth in India’s energy-hungry economy.This exercise is based on a report submitted by a panel headed by Montek Singh Ahluwalia, deputy chairman of the Planning Commission, to the power...

Every afternoon at about four, a slight woman named Runi slips out of the cramped, airless room that she shares with her husband and their sixteen children. She skirts the drainage ditch in front of the building, then walks toward the pile of hardened dung cakes that people in this slum on the edge of the northeastern Indian city of Patna use for fuel. Dressed in a bright-yellow sari shot...

The International Energy Agency (IEA) has highlighted that over 20% of the global population or 1.4 billion people lack access to electricity, which hinders economic and social development. Here in India, the grim reality is that almost half the population in rural areas has little or no supply of power. For long years, open-ended subsidies in power have mostly been diverted and usurped by the undeserving non-poor. Fortunately, social, managerial and...

‘Without electricity, social and economic development is much more difficult.' More than $36 billion a year is needed to ensure that the world's population benefits from access to electricity and clean-burning cooking facilities by 2030, the International Energy Agency said on September 21. In a report prepared for the U.N. Millennium Development Goals meeting in New York, the agency said the goal of eradicating extreme poverty by 2015 would be possible only...

The Maharashtra Electricity Regulatory Commission (MERC) on Thursday spared a power tariff hike for nearly 16 lakh non-metered agriculture consumers consuming up to 5 horsepower and 1.20 crore residential consumers of Maharashtra State Electricity Distribution Company Ltd (MSEDCL) with a monthly consumption up to 300 units, for 2010-11. Taking note of the grievance of educational institutions, dispensaries and hospitals consuming a load up to 200kw,MERC has de-clubbed them from the commercial...