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Read this article: http://www.financialexpress.com/economy/why-modi-governments-37-billion-power-reforms-may-have-to-wait/436554/ http://www.financialexpress.co
by shripadk 10y ago
Read this article: http://www.financialexpress.com/economy/why-modi-governments-37-billion-power-reforms-may-have-to-wait/436554/ http://www.financialexpress.com/economy/why-modi-governments... and you'll know why.
The problem is not "lack of enough demand that can pay for electricity". The problem is meeting environmental standards, which incidentally, wasn't a problem at all for most developed countries (there wasn't much awareness about the cost to the environment when US was forging ahead with coal power). Today, the same US asks India to limit using coal for power generation. The only alternative now for India is to either go with Nuclear energy based power grids (which will take longer to setup) or solar/wind (higher initial investment).