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India moves to 26th spot in global power accessibility 73 notches above in the last three years

The focused reforms unleashed by the Narendra Modi government in the last three years have halved the rate at which power prices rose every year, and improved India's position in the global 'ease of getting electricity' ranking.

Aided by the government's massive rural electrification program during the last three years, India has moved up to the 26 th spot in global electricity accessibility ranking, moving up from 99 th position in 2014.

The compounded annual growth in power prices in the 2014-16 period stood at 3.27% against 5.94% through the last 10 years between 2004 and 2014.

Nowhere has the success of the government's policies become more visible than the very recent development where solar power tariff went below coal-fired power for a project at Bhadla solar park in Rajasthan.

The overall Energy shortage in the country too has come down to 0.7 at present from 4.2 per cent in 2014. No wonder power, coal renewable energy and mines minister Piyush Goyal spoke from a position of strength when he told the Vienna Energy Forum, "Many problems had earlier set India back for many years but now the mood has changed."

"India is taking rapid strides in terms of commitment and target for promoting energy conservation and efficiency," he told the gathering.

"Traditionally India's stand has been what the world was ready to do to help us go green. Finally, we are able to tell the world that we will do whatever it takes to improving our pollution levels to meet the challenges of climate change, irrespective of what the world does.

We have finally been able to make solar tariff go below grid parity... India's leadership position in green energy will new benefit the world," he said.


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