India is the world’s second most populous country and the world’s third largest economy—and it continues to grow at a rapid pace. It is also undertaking enormous efforts to provide modern energy products and services to millions of households living in energy poverty. In years to come, it will therefore have to deal with a substantial increase in the demand for energy. How will this demand be met?
As the BRICS leaders’ summit starts in Brazil, a new report is the first of its kind to bring together data on both revenues and subsidies related to fossil fuels in Brazil, Russia, India, China and South Africa.
New Delhi, August 6, 2019 – Most coal-fired power plants in India have not installed pollution control technology, although the Central Government revised emissions standards almost four years ago. A new analysis estimates the cost of installing technology to control for sulphur oxides, nitrogen oxides and particulate matter (among others) at between INR 73,000 crore (USD 10 billion) and INR 86,000 crore (USD 12 billion).
It will cost up to INR 86,135 crore (USD 12 billion) to comply with India's rules for air pollution control technology in the current fleet of coal power plants, increasing the average cost of electricity by 9–21 per cent per kWh. The Ministry of Power must take a strict position to ensure compliance.
New Delhi, July 25, 2019 – Until last month, Indian drivers were paying a tiny bit less to fill their vehicles with petrol and diesel thanks to a government decision that was reversed in the recent Union Budget. While the INR 2.5 (USD .03) per litre may not have mattered too much to consumers, it had big consequences in terms of government revenue.