Emergic: Rajesh Jain's Blog

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India’s Power Crisis

May 31st, 2007 · No Comments

The lack of power is the cover story in a recent issue of Business World. The New York Times also joins in:

[The] electricity crisis…represents one of the major hurdles to Indias ability to hoist itself into the front ranks of the global economy.

Look up at the tops of buildings, and on any given day, you are likely to find three, four or six smokestacks poking out of each, blowing gray-black plumes into the clouds. If the smokestacks are being used, it means the power is off and the building whether bright new mall, condominium or office is probably being powered by diesel-fed generators.

According to the Planning Commission of India, 600 million people roughly half the population are off the electric grid. For this reason, it is impossible to estimate accurately the total national shortfall.

But no matter how it is calculated, there is no doubt that Indias electricity crisis is becoming all the more acute for the roaring pace of the countrys economic growth and the new material aspirations it has generated.

Tags: Emerging Markets

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