Modi urges each state to repay electricity costs as soon as possible. Foreign media: The energy policy that local governments cannot enter the ease of energy reached the limit

Author:Global Times Time:2022.08.01

[Global Times Special Reporter Cheng Yijun] The Indian Express reported on July 30 that Indian Prime Minister Modi asked the state government to settle power arrears as soon as possible to ensure the stable operation of the power supply chain. Due to the hot weather and the soaring coal prices, the "triangle debt" with severe power supply chain, India has a long -term large -scale power outage in many places, which has a serious impact on industrial development and demand for people's livelihood.

Modi information map. Picture source IC Photo

According to multiple media reports, the frequency of "power shortage" in India is the surgery of global coal prices soaring. In fact, the energy policy that local governments have entered into the limit have reached the limit. According to Bloomberg estimates, at present, the transmission and distribution companies under the governments of India have reached 1.4 trillion Indian rupee deficits (about 17.7 billion U.S. dollars), of which the arrears of power generation companies exceed 1 trillion Indian rupees (about 126 One hundred million U.S. dollars). Most of the country's transmission and distribution companies are inefficient, and there are non -standard loss caused by corruption or electrical acting in many regions. In addition, local members of each local state state statement serve the election targets and distribute benefits to the public in various ways. Power subsidies are one of the most common election commitments, but the government has not paid the cost of these commitments to the transmission and distribution company. This has caused a large number of transmission and distribution companies to make ends meet, and debt has been accumulated.

In recent years, the Modi government has tried to reform the power transmission and distribution company through scientific and technological means to promote smart meters through scientific and technological means. However, the cost of replacement of infrastructure is high, the reform and advancement are slow, and the effect of solving the high debt problems of the power transmission and distribution companies is limited. Global coal prices soared in April this year, and local governments chose to reduce their procurement, resulting in shortage of domestic coal in India. Power generation companies do not have enough coal to start power generation, which eventually leads to paralysis of power supply chain.

Modi said that solving the power supply is the core issue of the government's current attention. To solve this problem, it requires local states to settle power arrears as soon as possible, and promote the supply chain as soon as possible to the track of benign operation as soon as possible.

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