Sunday, December 28, 2008
More Problems that renewable Energy Businesses Face
Mohanakrishnan has sent me this piece from The Deccan Herald about how Wind Energy producers have been getting shafted by electric utilities in my former home state of Tamil Nadu in India (where Mohanakrishnan resides now) - please go to http://www.dc-epaper.com/DC/DCC/2008/12/27/INDEX.SHTML and go on to Page 6. Turns out that even after getting funding and setting up a business to get it running, you are nowhere close to making routine, steady profits thanks to the arrogant and stupid ways of the Central and various State governments in India. Is there any doubt over why this sector has not been advancing much, if it has been advancing at all? And, do you see why I continue to remain a pessimist as far as my country of birth is concerned?