Our policy makers can’t even manage thermal power. How will they manage nuke power?
Some members of the Indian Parliament may have been looking for long term ‘financial’ security during the debate on the recent confidence motion. That sure helped the UPA government survive. And now, spin masters of the Congress are going to project the nuclear deal as something that will bring electricity to the humble house of the aam aadmi. Indian politicians crave ‘power’ at any cost; Indian voters too crave for ‘power’, albeit of a different kind, the kind that helps the electric bulb glow. So will the nuclear deal help the aam aadmi access power? Not by a mile if the present policy regime – completely subverted and perverted by corporate wars, vested interests, outright theft, loot and corruption and blind sided regulation – continues.
Let’s look at some facts. In the Tenth Five Year Plan, the target capacity addition was 41,000 MW. The actual achieved was just about half of that – 21,000 MW. Such ‘small’ discrepancies do not bother our policy makers. The target for the 11th Plan was raised to 78,000 MW. That means India needs to add 16,400 MW of power capacity each year between 2007 and 2012. The actual achieved in 2007 was less than 5,000 MW. Even if the performance improves from now on, don’t expect the 11th Plan to add more than 40,000 MW. In effect, assuming demand growth to be constant, India Shining would have created a shortfall of more than 60,000 MW in just 10 years. We all know that demand growth has been much higher since 2003 when the Indian economy started growing at 8% to 9% every year.
Now you know why you and your family, office, factory and shop face such devastating power cuts day after day. Thanks to these shortfalls, ‘power’ remains as elusive for the Indian villager as the PM’s post for L.K. Advani.
Some members of the Indian Parliament may have been looking for long term ‘financial’ security during the debate on the recent confidence motion. That sure helped the UPA government survive. And now, spin masters of the Congress are going to project the nuclear deal as something that will bring electricity to the humble house of the aam aadmi. Indian politicians crave ‘power’ at any cost; Indian voters too crave for ‘power’, albeit of a different kind, the kind that helps the electric bulb glow. So will the nuclear deal help the aam aadmi access power? Not by a mile if the present policy regime – completely subverted and perverted by corporate wars, vested interests, outright theft, loot and corruption and blind sided regulation – continues.
Let’s look at some facts. In the Tenth Five Year Plan, the target capacity addition was 41,000 MW. The actual achieved was just about half of that – 21,000 MW. Such ‘small’ discrepancies do not bother our policy makers. The target for the 11th Plan was raised to 78,000 MW. That means India needs to add 16,400 MW of power capacity each year between 2007 and 2012. The actual achieved in 2007 was less than 5,000 MW. Even if the performance improves from now on, don’t expect the 11th Plan to add more than 40,000 MW. In effect, assuming demand growth to be constant, India Shining would have created a shortfall of more than 60,000 MW in just 10 years. We all know that demand growth has been much higher since 2003 when the Indian economy started growing at 8% to 9% every year.
Now you know why you and your family, office, factory and shop face such devastating power cuts day after day. Thanks to these shortfalls, ‘power’ remains as elusive for the Indian villager as the PM’s post for L.K. Advani.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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