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1.Market Observations, 8.Was Sticky

3 Jan 2018 (AFR) – India opens fewer coal-fired generators amid electricity oversupply

(3 January 2018, AFR, p11, by Rajesh Kumar Singh and Anindya Upadhyay)

‘India is adding the least amount of coal-fired power in more than a decade as tepid demand from indebted state retailers fails to utilize the nation’s existing generation capacity.’ <snipped…>

‘The inability of state distributors to utilize existing plants leaves India with a glut of capacity while still nearly 300 million Indians, mostly rural, remain without access to electricity. Prime Minister Narendra Modi’s administration, which came to power in 2014 promising electricity for all, has launched ambitious programs to bring electricity to every household by December 2018.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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