Matthias's Feed
May 16, 2013
via India Insight

Counting the cost of India’s blackouts

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(Any opinions expressed here are those of the author and not necessarily of Reuters)

Is it better to pay more money for more electricity, or keep prices low and look forward to blackouts that will conk out offices, factories and homes in India? That is the question that lies at the heart of an ongoing debate about whether authorities should allow utilities Adani Power Ltd and Tata Power Co Ltd to raise their tariffs on existing contracts to clients, to compensate the companies for the domestic coal supply shortages and the rising cost of buying coal from overseas.

May 15, 2013

Haryana challenges ruling allowing higher power tariffs

NEW DELHI (Reuters) – Haryana is challenging in court a decision by the power regulator to allow utility Adani Power Ltd(ADAN.NS: Quote, Profile, Research) to raise tariffs, dealing a potential blow to a key sector struggling with chronic losses and erratic fuel supplies.

The case filed by Haryana underscores the ability of local politics to derail a regulator decision that was hailed by power companies as a step toward ending electricity shortages that sap the competitiveness of businesses in India, hobbling economic growth.

May 15, 2013

Indian state challenges ruling allowing higher power tariffs

NEW DELHI, May 15 (Reuters) – An Indian state is challenging
in court a decision by the federal power regulator to allow
utility Adani Power Ltd to raise tariffs, dealing a
potential blow to a key sector struggling with chronic losses
and erratic fuel supplies.

The case filed by the northern state of Haryana underscores
the ability of local politics to derail a federal decision that
was hailed by power companies as a step toward ending
electricity shortages that sap the competitiveness of businesses
in India, hobbling economic growth.

May 14, 2013

“Coal Mafia” stokes India’s power crisis

DHANBAD (Reuters) – Seven shots rang out at a wedding reception in this sooty city in eastern India, and Suresh Singh, India’s “Coal King”, fell fatally wounded.

He was a wealthy coal trader, a politician and, police say, a crime boss. At the time of the shooting, Singh had 14 criminal charges against him, including one for homicide. His career and murder are emblematic of one of India’s most nagging economic problems: the corruption that cripples the crucial coal industry.

May 14, 2013

Special Report- ‘Coal Mafia’ stokes India’s power crisis

DHANBAD, India (Reuters) – Seven shots rang out at a wedding reception in this sooty city in eastern India, and Suresh Singh, India’s “Coal King”, fell fatally wounded.

He was a wealthy coal trader, a politician and, police say, a crime boss. At the time of the shooting, Singh had 14 criminal charges against him, including one for homicide. His career and murder are emblematic of one of India’s most nagging economic problems: the corruption that cripples the crucial coal industry.

Apr 5, 2013

Coal India may cut supplies to NTPC as quality row escalates

NEW DELHI, April 5 (Reuters) – Miner Coal India
could halt eastern region supplies to the country’s largest
power producer by the end of April, as a row over quality
between the two state-run giants escalated, raising fears of
mass blackouts.

The row underscores the difficulties India faces in
extracting coal quickly and efficiently enough to eliminate
power shortages that hurt economic growth, and to reduce its
reliance on costlier imports.

Apr 4, 2013

Indian state to challenge Adani tariff ruling

NEW DELHI, April 4 (Reuters) – India’s Haryana state will
challenge this week’s ruling by the federal power regulator to
allow Adani Power to raise tariffs for electricity in
two states to compensate for the rising costs of coal imports
forced by domestic shortages.

The Central Electricity Regulatory Commission (CERC) on
Tuesday allowed Adani Power to charge more for electricity from
its Mundra plant to existing clients in the states of Gujarat
and Haryana until conditions improve.

Mar 19, 2013

Key India government ally withdraws from coalition

NEW DELHI (Reuters) – A key regional ally pulled out of India’s ruling coalition on Tuesday in protest against the government’s position on a U.S.-backed United Nations resolution on war crimes carried out during Sri Lanka’s civil war.

The Dravida Munnetra Kazhagam (DMK) is based in the southern state of Tamil Nadu, and has often pressured the Indian government to do more to protect Sri Lanka’s minority Tamil population. It wants the Indian government to introduce stronger language into the resolution, including the use of the word “genocide”. The government has yet to give a response on what its position on the resolution would be.

Mar 19, 2013

DMK withdraws from ruling UPA coalition

NEW DELHI (Reuters) – The DMK pulled out of the Congress-led UPA coalition on Tuesday in protest against the government’s position on a U.S.-backed United Nations resolution on war crimes carried out during Sri Lanka’s civil war.

The Dravida Munnetra Kazhagam (DMK) is based in Tamil Nadu, and has often pressured the government to do more to protect Sri Lanka’s minority Tamil population. It wants the Indian government to introduce stronger language into the resolution, including the use of the word “genocide”. The government has yet to give a response on what its position on the resolution would be.

Mar 14, 2013

Indians question how rape accused was able to commit suicide in jail

NEW DELHI (Reuters) – Authorities are scrambling to address how one of India’s most notorious prisoners, sharing a cell with three other inmates in the country’s most secure jail, was able to hang himself from an iron grille high above his head without anyone noticing.

At issue is this week’s apparent suicide of Ram Singh, the alleged ringleader in a case of gang rape and murder that horrified India last December.