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Home News Power Sector News Ease of getting power: India’s rank up by 73

Ease of getting power: India’s rank up by 73

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World BankFocused reforms unleashed by the central government in the last three years have halved the rate at which power prices rose every year and improved India's position in global 'ease of getting electricity' ranking.

The compounded annual growth in power prices in the 2014-16 period stood at 3.27% against 5.94% through the last 10 years between 2004 and 2014.

Simultaneously during the last two years, India has also moved up to the 26th spot in the World Bank's electricity accessibility ranking in 2017 from 99th spot in 2014, aided largely by the Modi government's rural electrification programme in the last three years since it came to power.

Nowhere has the success of the government's policies become more visible than Wednesday's development where solar power tariff went below coal-fired power for a project at Bhadla solar park in Rajasthan.

Overall energy shortage too has come down to 0.7% at present from 4.2% in 2014.

No wonder power, coal renewable energy and mines minister Piyush Goyal spoke from a position of strength when he told the Vienna Energy Forum, "Many problems had earlier set India back for many years but now the mood has changed."

"India is taking rapid strides in terms of commitment and target for promoting energy conservation and efficiency," he said giving the world an insight into the PM's energy plan for the country.

Source- TOI

 

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