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Power Problems Powerful Problems
The winds of change in the environment– vast, sudden and unpredictable – kill projects that were once the darlings of the day. This is more pronounced in the energy sector. There are tectonic shifts. These point to ending the creation of new power generation capacity based on fossil fuels. The Draft National Energy Policy suggests phasing out lignite as feedstock from 2022 and coal from 2027. Imagine the impact on coal production and conventional manufacturers of power equipment like BHEL! Are we ready for it? The experience of switching over to wind and solar power with steep fall in power prices is impacting the operations of power distribution companies. Add to this the policy changes introduced by the power ministry extending generous support for restructuring state electricity companies. The picture of disruption is complete.
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