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World Bank Report on efficiency gap
December 22 , 2018
1954 days
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- The World Bank recently released a report titled ‘In the Dark: How Much Do Power Sector Distortions Cost South Asia’.
- As per the report, Efficiency gap in India’s power sector costs the Indian economy 4% every year, which equivalents to $86 billion in 2016 Financial Year.
- There was a shortage of 14% in India in meeting coal demand in 2016 Financial Year.
- In 2016, around 20% of electricity generated was lost during transmission and distribution. This rate is the highest loss rate in the World.
- India was at the 80th spot among 137 economies in the reliability of electricity supply as per the 2018 Global Competitiveness Report.
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