The world’s fastest-growing open electricity market has to be a great place for energy investors, right? Not when it’s India.
Prime Minister Narendra Modi’s ambition to electrify every village in the country has led to surging demand for grid power. Over the five years through 2018, India added output equivalent to 50 nuclear power stations, accounting for 13% of the increase in generation worldwide (China, where almost all of the power industry is state-controlled, made up 53%).
