ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Kannan KasturiSubscribe to Kannan Kasturi

Pricing Electricity in Delhi

When Delhi's electricity distribution was privatised in 2002, power was allocated and its cost set by the government. Power purchase costs were considered pass-throughs for the operations of the distribution utilities. However, with signifi cant changes in the electricity generation and trading business in the interim, Delhi's consumers are paying not only for the regulated guaranteed profi ts of the state-owned generation, the transmission companies and the private distribution companies, but also for the unregulated profi teering of the merchant producers and other market players.

The Reverse Capital Flow

The web version of this article corrects a few errors that appeared in the print edition. India's investment abroad is overwhelmingly in the form of direct investment and this has been growing rapidly. The export of capital is a sizeable fraction of the foreign direct investment infl ow over the last six years. Shortcomings in the regulatory environment allow the end use of investments abroad to remain mostly opaque. While there is a keen debate on the public interest in allowing or limiting FDI, it is surprising that there is no such engagement with Indian direct investment abroad.

Privatising the Commons

Communities, Commons and Corporations by Perspectives (New Delhi: Perspectives), 2012; pp 164, Rs 100.

New Thermal Power Clusters

The currently planned expansion of thermal power generation capacity works out to 1.3 times the existing generation capacity. The geographic distribution of this expansion is highly uneven, showing clustering in certain coal-mining states, and further within districts and regions. By backing independent power producers through comprehensive memoranda of understanding, state governments have forsaken the communities that will bear the environmental, health and livelihood impact of these thermal clusters.

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