Sweety Stay Original. 142 Questions 117 Answers 102 Best Answers 787 Points View Profile Sweety Asked: September 8, 20202020-09-08T11:27:14+05:30 2020-09-08T11:27:14+05:30In: UPSC MAINS What are the problems faced by the power sector in India. Discuss the problems faced by the power sector in India. economicsgs 3 Share Facebook 1 Answer Recent Rajnish Optimist 145 Questions 255 Answers 237 Best Answers 1k Points View Profile Best Answer Rajnish Optimist 2020-09-12T12:43:18+05:30Added an answer on September 12, 2020 at 12:43 pm Electricity is critical to fuel the economic growth of India. The country is on the fast trajectory of development but to keep the momentum of growth high, availability of uninterrupted power supply is a must. India needs electricity to fuel the growth of every industry, be it largescale or small scale, manufacturing, healthcare or education. There are many roadblocks in unleashing the full potential of India’s power sector. One is fuel availability concerns faced by the industry. Coal supply by Coal India Ltd (CIL) is restricted to around 65% of actual coal requirement by coal-based thermal plants, leading to increased dependence on imported coal. This results in increasing power generation costs due to limited fuel availability. Increasing operational inefficiencies and outstanding debts have led to poor financial health. Energy-efficiency is extremely important and can be promoted by setting appropriate prices and this is particularly important where energy prices are rising. However, appropriate prices by themselves may not suffice and nonprice incentives/disincentives are therefore also required. Given the importance of energy conservation, there is a need to focus on technological options for improving energy efficiency in the industry, power generation, and commercial buildings, and promoting renewable energy technologies in different end-use sectors. There is a need to introduce efficient high-end power turbines and generators. There is a need for alternate energy which will not only offset the demand for conventional fossil fuel but also pave the way to cleaner solutions A green growth economy is the need of the hour. Ironically, India has the world’s fifth-largest coal reserves and still faces an acute power crisis. Challenges do exist in the sector, which India has to overcome to evolve from a developing market to a mature market. Meanwhile, the gap between what can be achieved and what is currently present, uncovers a number of possibilities and opportunities for growth. 1 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.Continue with FacebookContinue with Google Related Questions What is EPFO and EPF? Describe ‘Strategic Trade Authorisation’(STA).