Economic Survey: Renewable energy push may lead to increase in bad loans The Economic Survey says a shift to renewables may render a part of assets in conventional energy-generation plants idle or result in them being used at a much lower level India’s focus on increasing its renewable energy capacity may further exacerbate banks’ bad loan woes, according to the second volume of the Economic Survey 2016-17, released on Friday. The Survey said the social cost of producing renewable energy is around three times that of producing coal-fuelled electricity at Rs 11 per kilowatt-hour (kWh). Although solar and wind power tariffs have dipped to Rs 2.44 per kWh and Rs 3.30 per kWh, respectively, making renewable energy cheaper than coal-fuelled electricity, these low tariffs do not reflect the costs of integration with the grid, and other costs such as those of stranded assets and land opportunity costs. “A shift to renewables is likely to render a part of the assets in conventional