Business

Because India has large domestic coal resources (and virtually no other fuel sources); a strong incentive to deploy cheaper, well-proven generation technology; and needs to rapidly increase the availability of electricity to its citizens, the country will likely continue to rely on coal-based power in the long run.

Working for Uncle Sam can be worthwhile or a life-sapping grind, depending on which agency employs you, according to a new survey by the U.S. Office of Personnel Management. Guess which agency ranked best. (Hint: It’s related to power.)

Does customer satisfaction play a meaningful role in guiding utility operations? Many utilities think it does, as do many regulators. The market apparently doesn’t. Data suggest that the jury is out on the question, and the intuitive answer may not match the empirical evidence.

What role will coal play as the nation moves toward trying to reduce greenhouse gases? The picture is mixed, as these news stories from around the country demonstrate.

The Supreme Court backs restrictions on “once-through” cooling for new plants, while giving a pass to existing plants.

Coal continues to demonstrate considerable financial muscle in the current economic downturn, despite anti-coal rhetoric and concerns about climate change.

Mark Twain summed it up best when he described India more than a century ago as a place of “fabulous wealth and fabulous poverty.” Today, for all its surging economic growth, 300 million Indians still live below the poverty line.

Recognizing that the long-term sunk cost, long project planning and construction timeframe, and high-risk portfolio make it difficult for private investors to raise funds whose maturity matches project completion dates, the Indian government has since 1991 allowed 100% foreign direct investment in the power sector.

News items of interest to power generation professionals.

India has become a global business power even though hundreds of millions of its citizens still live in poverty. To sustain economic growth and lift its people out of poverty, India needs more — and more reliable — power. Details of government plans for achieving those goals demonstrate that pragmatism may be in shorter supply than ambition and political will.