facebook
twitter
rss
account
search
search
 

IEA backs reform in India's energy sector

Sept. 28, 2012 at 6:33 AM   |   Comments

PARIS, Sept. 28 (UPI) -- A massive blackout that struck parts of India in July highlights the need for the country to address widespread challenges in the energy sector, the IEA said.

A series of interconnected power grids in northern India collapsed in July, causing the largest electricity blackout in world history. More than 500 million people were left without power.

The International Energy Agency said the blackout should serve as "a stark reminder" of the challenges present in the country's energy sector.

The IEA said liberalization reforms embraced more than 20 years ago are yet to be realized. The country embraced liberalization as a way to break the government monopoly on the energy sector. Growing energy demand and government intervention are inhibiting reforms, the IEA report said.

"Achieving a well-functioning energy sector based on market principles would allow India to operate successfully within the global market and meet its citizens' growing demand for energy," it stated.

More than 30 gigawatts of electricity were taken offline during a blackout that lasted about two days in late July.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Hershey's new logo launched, compared to emoji poop
2
The 'Home of the Whopper' to keep headquarters in U.S.
3
Canadian media must broadcast official emergency notifications
4
France receives upgraded aerial tanker
5
Kurds raise oil funds for refugees
Trending News
Video
x
Feedback