“The decentralization of political power in India has also had an impact on the energy sector in India. The sector is now fully open to private and foreign capital. Independent, albeit imperfect regulatory bodies have been established in the power and downstream petroleum sectors. The broad thrust of policies in place is to encourage free and fair competition in each element of the energy value chain…”

Global Warming and India: A Critique on National Action Plan on Climate Change (part IV)

"Related to efficiency is the current policy of unrealistic pricing system especially in the electricity sector. This is one of the causes for huge quantum of electricity being misused. Hence, it is imperative that we have in place, a dual pricing mechanism, which is based on the usage and consumption patterns..."

OIL & GAS

• Petronet LNG signs 20 year deal with Exxon Mobil
• Gas distributors lower prices in Gujarat again
• ONGC gas output to double in 7 yrs
• RIL finds imported gas cheaper than its own
• OVL looks to guzzle gas from Iran
• China, Taiwan plan to expand cooperation on oil exploration

POWER

• India achieved 31 pc of power capacity generation target
• Coal India to get incentives for extra supply to power generation
• NHPC taking up projects worth Rs 450 bn in Myanmar, Bhutan
• IOC may tie up with US lab to produce biofuel
• Push for government action on a US national energy policy