Highlights of the power sector

By IANS,

Following are some of the highlights of the power sector in 2012:

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* India faced worst power blackouts in July-August, affecting over 600 million people

* Some states faced the Supreme Court’s ire for overdrawing power, while distribution companies accumulated huge losses

* Government announced a financial restructuring package for distribution firms

* Acute fuel shortage for power as Coal India was unable to meet demand

* Official auditor critical on the manner in which coal blocks were allocated

* Decision to supply coal considering both domestic prices and cost of import

* Government needs $250 bn to bridge power demand-supply gap