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Powerless : India's energy shortage and its impact
This is a book about India's energy shortage, its causes, and consequences. Powerless details how much coal, oil, gas, uranium, and power the country uses, and for what purposes. It examines the quantity of these things the country produces and where. The book looks at the sizes of the gaps between supply and demand, and how the country fills them with imports. It then discusses how the shortages and resulting imports affect the country's economy, businesses, and residents. After examining the current scenario, the author moves on to look at predictions for how fast demand and supply will grow, how big the shortages of natural resources might become in the next few years, and whether India is likely to be able-politically, logistically, and financially-to fill these gaps with imports. The book also looks at the environmental and health effects of India's growing energy use, and how efforts to mitigate these are likely to affect demand for coal, oil, gas, and uranium.
eBook
Beyond Crisis
In September 2012, the Government of India approved a financial rescue scheme to revive the power generation sector. This bailout amounted to about Rs 1.9 trillion and came in response to banks and financial institutions with large nonperforming loans to the power sector. This is the second bailout of the sector in a decade. The first was in 2002 when the government had to convert the outstanding arrears of state electricity boards to central public sector undertakings. The 2002 bailout came to Rs 400 billion in state government bonds to restore the sector to financial solvency. The recent cri
Book
Beyond crisis
At the end of 2011, the Indian power sector found itself in financial crisis, just a decade after the 2001 bailout of state electricity boards (SEBs) by the central government. Bankrupt state power distribution utilities in several states were unable to pay their bills or repay their debts. Despite the passage of the landmark 2003 Electricity Act and implementation of a broad set of reforms over the past decade, the sector today is looking at another rescue from the center, four times larger than before. This financial rescue scheme amounts to about Rs 1.9 trillion (
eBook
Can Good Economics Ever Be Good Politics?
In recent years, the power sector in several developing countries has suffered from a frustrating gap between strong, pro-reform rhetoric at the political level, and weak, hesitant implementation of the reform measures on the ground. Focusing on the recent experience of power sector reform in India, this paper looks afresh at the problem of the rhetoric-implementation gap by taking the lack of political will as its starting point, and identifying the ingredients that comprise it in the current context of India. Assuming that people and institutions are not impartial but instead respond to political and economic incentives, it explains how the lack of political will often reflects rational political behavior. Using this more realistic framework, it examines the incentives, informal relationships, and interests that govern the behavior of people and institutions, and searches for the openings and opportunities that reformers must pursue.
eBook