Watch those lights go out

Many have warned over the last 20 years of the dire state of the power sector in India. Since 1991, officials assumed that opening private and foreign investment to generation, and from 1998 to transmission and distribution, would attract huge funds into electricity. It did not happen. The lessons were not learnt from the Montek Ahluwalia committee that converted into bonds the outstanding of state electricity boards of over R40,000 crore to central public sector suppliers like the Railways, Coal India, etc. 

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