There’s an $80-billion hole in India’s net zero pledge by 2070 at Glasgow By Andy Mukherjee, Bloomberg Nov 10, 2021 https://m.economictimes.com/industry/renewables/theres-an-80-billion-hole-in-indias-net-zero-pledge-by-2070-at-glasgow/articleshow/87597623.cms

the world’s lowest-cost solar and second-lowest-cost wind producer can deliver on its pledge, provided a 6 trillion rupees ($80 billion) hole in the heart of the country’s power system can be filled.  That’s the quantum of accumulated financial liabilities at India’s electricity distribution companies, or discoms. This large overhang crimps their ability to pay on time, forcing them to run up operational debt to electricity suppliers and transmission firms. 

Without reforming this bankrupt industry, India will struggle to meet its bold target of raising non-fossil-fuel generation capacity — including hydroelectric and nuclear power — to 500 gigawatts by 2030, up from roughly 150 gigawatts now.