[ad_1]
EnergyGovernmentPolitics
09 July 2024, 1:48 pm 1 minute
Reuters exclusively reported that India plans to spend $1 billion to expedite the construction of 12 hydropower stations in the northeastern Himalayan state of Arunachal Pradesh, two government sources said, a move that could raise tensions with China that lays claims to the region.
Market Impact
India has built less than 15-gigawatt hydropower plants in the last 20 years, while installations of new coal and other renewable sources of energy were nearly 10 times of the new hydropower projects.
Article Tags
Topics of Interest: EnergyGovernmentPolitics
Type: Reuters Best
Sectors: Commodities & EnergyGovernment & Public Services
Regions: Asia
Countries: ChinaIndia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Ah, the delightful game of geopolitical chess, where India has decided to blitz the construction of 12 hydropower stations in Arunachal Pradesh, all for a cool billion dollars. Because, as we all know, nothing screams international diplomacy like throwing money into construction projects in a region that’s essentially on China’s wish list. Who doesn’t love a good power struggle—pun intended?
Reuters reports that this audacious move could spark some friendly neighborhood tensions with our pals in Beijing, who are probably just hanging out with their maps, claiming what they can to make their life more exciting. After all, why build bridges when you can build dams?
And speaking of building, here’s a fun fact: over the last 20 years, India has managed to install a meager 15 gigawatts of hydropower. Meanwhile, they’ve been chugging along, developing coal and other renewable sources to the tune of ten times that amount. It’s almost as if they’re trying to set a world record for the most ironic construction choices. Nothing like a fancy hydropower project to replace the more lucrative and environmentally questionable coal power—because who wouldn’t want to swim upstream just to avoid being fried by pollution?
So here we are, with India on a mission to show China who’s boss, armed with hydropower potential that hasn’t even broken a sweat in the last two decades. It’s like bringing a water gun to a cannon fight. But hey, let’s build those hydropower stations! Who needs peace and stability when you can have a billion-dollar boondoggle? Here’s to hoping the only thing that floods is the irony of it all.
[ad_2]
Source