ECONOMIC SURVEY 2007-08 Energy crisis

High oil prices may lay slippery track for economy

Posted: 2008-02-29 00:06:54+05:30 IST
Updated: Feb 29, 2008 at 0026 hrs IST

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: made to power stations in the past are not being fulfilled, thereby leading to loss in power generation. This is despite the fact that the power sector is expected to grow at 9.5% per annum.

Therefore, coal may continue to be the mainstay for power production, the Survey says. Coal-fired thermal units account for around 62.2 % of total power generation in the country.

Given the fuel shortages, India’s strategy for meeting its energy requirement should include ways to fully exploit the nuclear and hydro potential for power generation.

Accordingly, the Survey has made a strong case for permitting private sector investment in nuclear power generation....

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High oil prices may lay slippery track for economy

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