India May Save Money Replacing Diesel Power, World Bank Says
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India, which spent 1.7 billion rupees a day ($37 million) subsidizing fuels in 2010, could replace power produced from diesel with renewable sources at one-third the cost of generation, the World Bank said.
The country’s entire wind, biomass and small hydropower potential of 68,000 megawatts could be produced at 6 rupees a kilowatt-hour compared with the 18 rupees a kilowatt-hour cost of diesel generation, according to a World Bank report.