The coming Dark Age of India
Andhra Pradesh, Kerala, Tamil Nadu, West Bengal, Delhi, Haryana, Uttar Pradesh, Madhya Pradesh, Maharashtra… no, this is not a listing of States with high growth. These are States that imposed rolling power cuts as late as in October, well after autumn had set in.
In fact, Tamil Nadu still has power cuts for periods ranging from 1-3 hours across the state. So, what's new, you might ask. Aren't power outages a fact of life in India? Well, the difference this time is that it is happening not during the height of summer but during winter, a period of relatively low demand. Second, the duration of the power cuts is longer than what was faced during the summer.
The frightening fact though is that this could just be a taste of things to come unless the government takes corrective policy measures to clean up the mess in the power sector. What ails the industry?
There are two mainly. First, a conundrum over fuel, which, even a couple of years ago was non-existent. And second, a mess created by the inability of state electricity boards and distribution utilities to charge consumers the right price for the electricity they consume leading to losses.
http://www.thehindu.com/business/Economy/article2706793.ece
