Wednesday, May 09, 2007

The stone age!


IIPM Publication

Now, let’s take a look around the rural centres. Much like the big cities the rural sector too is demanding more power from the government. Punjab has urged the Union Power Ministry to allocate additional 325 MW power from the un-allocated quota of the central power stations to help it overcome its energy deficit and unmanageable electricity demand during the paddy season of June-September 2007. The reason behind such chronic power shortages are the state-owned centralised power systems, which have traditionally remained mired in mismanagement, corruption, and debt. That is the precise reason, why influential multilateral agencies such as Asian Development Bank and World Bank, have come up with a cure-all panacea ‘privatisation and deregulation’ in our country.

The state ownership versus privatization debate obscures the complexities of the crisis of power generation and proper delivery in the predominantly rural agrarian economy of our country.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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