Instead of taking concrete measures on energy, the government is dangling some tantalising proposals.
City gas distribution companies are able to hide their inefficiencies and effect non-transparent price hikes, far in excess of what is fair and just.
Privately run local mini-grids can be a viable interim solution to India’s electrification problem, but we need a clear-cut policy and regulatory framework.
Some benefit for deep sea E&P operations, otherwise little to cheer for the hydrocarbon or power sectors.
If India has to depend on fossil fuels for its energy requirements, at least in the short to medium term, natural gas is by far the cleanest option.
Any new investor in the region must have deep pockets, the confidence to deal with dodgy political, legal and tax regimes and a sense of desperation to access the energy whatever the costs. As of today, only China fits the bill.