Bloomberg (June 1)
India loses more power than any other nation to electricity theft, almost a third of its annual 174GW supply. “The pilfering of almost enough power to charge California for a year lowers the annual income of Indian distribution companies by $16 billion and cuts output by 1.2 percent in the $1.3 trillion economy.” India hopes to reduce electricity theft with competition and privatization. Compared to state-owned firms, private companies are less tolerant of electricity theft. Their inspectors are less susceptible to bribes to look the other way.
India loses more power than any other nation to electricity theft, almost a third of its annual 174GW supply. “The pilfering of almost enough power to charge California for a year lowers the annual income of Indian distribution companies by $16 billion and cuts output by 1.2 percent in the $1.3 trillion economy.” India hopes to reduce electricity theft with competition and privatization. Compared to state-owned firms, private companies are less tolerant of electricity theft. Their inspectors are less susceptible to bribes to look the other way.
Tags: Competition, Electricity, India, Privatization, Theft
