The root of the problem is one of many leftovers of India’s post-independence experiment with socialism. Half of India's power stations are coal-fired. Indian coal is produced by a state monopoly (Coal India). The price is controlled by the state, as is the price of electricity itself. The private firms running power stations are trapped between a lump of coal and a hard place. They cannot even trust the regional distributors to order the right amount of power.
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