Failed Power Projects Shackle India’s Energy Growth
About 75 projects in the energy sector worth about Rs 70,000 crore, which could have generated 30,809 mega watts (MW) of energy — enough to supply 11% of India’s annual power-generation capacity — were terminated over the last seven years.
The gap between demand and supply is 2.4% (15,981 million units), as of September 2015, according to power ministry data; so if the projects were running, India might have had enough energy.
They were stopped because of a range of issues: From getting land and finance to profitability and local issues. Government projects running behind schedule and cost overruns because of bureaucratic snarls appear to be other reasons.
Almost 44% of cancelled projects were in Madhya Pradesh, Chhattisgarh and Andhra Pradesh.