Watching Government
India's changes

Energy policy is finally getting the attention it needs in India.The government has released a study, Hydrocarbon Vision 2025, most of which it is expected to eventually cast into official policy.At a government-industry roundtable during US President Bill Clinton's recent visit to India, US firms complained that the lack of a comprehensive energy policy has deterred them from making investments in long-term projects. They also complained about the powers of state electricity boards, the politicized tariff structure, and the government's plans to double the dividend tax to 22%.A Ministry of Petroleum and Natural Gas official said Hydrocarbon Vision 2025, released Mar. 23, would cl...

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