» More power deficit in store
India has faced a lot of power problems in the past, and from the way things are going currently, may continue to do so in the future too. As per a Mint report, minister of state for oil Bharatsinh Solanki recently expressed how India will fail to meet its power generation capacity addition goal yet again this year, causing India's peak power deficit to widen to 12.6% in FY10. Yes, the power cuts and load shedding will continue to cause harm to the country's productivity. The reason? For one, coal which is used in thermal power plants as a fuel continues to be in short supply. Second, delays in supply of power generation equipment also continue to restrict capacity addition. All this has led to a situation where India is likely to add only 70% of an estimated target of 14,500 MW power capacity addition in FY10. Compare this to China, which is adding capacity at the rate of about 100,000 MW a year. India has not been able to add even 10,000 MW in any single year. Another example of how core infrastructure problems continue to prevent our country from achieving its full potential.
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