World Bank expert calls for expansion of coal and power, Pg7

Key Highlights:

• A World Bank economist suggests strengthening the competitive position of coal and electricity in India's energy sector.
• The study highlights that India's energy consumption relies significantly on non-commercial sources like firewood, vegetable waste, and cow dung.
• Approximately 70% of India's petroleum product needs are met through imports, mainly crude oil.
• India possesses large and easily accessible coal deposits, with production increasing in 1974-75.

Detailed Insights:

• India's reliance on petroleum imports has negatively impacted its economic prospects, despite not being a direct victim of the "energy crisis".
• The economist suggests expanding oil exploration to the greatest extent possible to reduce dependence on imports.
• Improvements in thermal power station performance and encouraging results from the Bombay High offshore structure are positive developments.
• The study emphasizes the recognized need within India to improve the performance of energy industries through various policies and measures.

Key Concepts Involved:

• Commercial Energy: Energy sources that are traded, such as coal, oil, and electricity.
• Non-Commercial Energy: Energy sources not traded, like firewood and agricultural waste.
• Energy Crisis: A significant shortage or price increase in energy supply.