The fossil fuel era won’t last forever. And a new set of countries will find their reserves of lithium, copper and rare earth metals are in high demand.
In its quest to reduce electricity tariffs, the state appears to be getting support from UP’s electricity watchdog whose behaviour is not in line with its duty to act as an unbiased adjudicator in disputes between discoms and generators.
The NITI Aayog’s draft national energy policy seeks to keep India’s economy heavily reliant on fossil fuels even in 2040.
India’s energy sector seems to have veered decisively towards solar and wind power as tariffs tumble and investment pour in, but experts fear that overly optimistic developers could be punching above their weight.
Wind power generation has only the variable tariff, no fixed tariff, which means that wind power generated in times of zero demand is not paid for, leading to revenue losses for companies.