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Privatization of Power Sector

Privatization of Power Sector

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Published by Rajit Kumar Krishna
About privatization of power sector INDIA
About privatization of power sector INDIA

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Categories:Types, Research
Published by: Rajit Kumar Krishna on Feb 19, 2010
Copyright:Attribution Non-commercial

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10/29/2010

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Privatization of Power Sector Concerns and Prospects
 
ByR K Krishna Vazarpu- 0409005Pankaj-0409008
 
Introduction
India is the world's sixth largest consumer of energy andhas formulated plans and strategies for major energyinfrastructure developments in order to keep up with theincreasing energy demand as the country becomes moreindustrialized and the economy expands.
Privatization is the incidence or process of transferringownership of a business, enterprise, agency or publicservice from the public sector (government) to the private sector (business).
 
Scenario Of Power Sector Before Liberalization
After 1947, all new power generation, transmission anddistribution , came under State Electricity Boards(SEBs).
The Ministry of Power in the Central governmentformulates the policies for the power sector.
As per government guidelines, all power projects above acertain capacity have to obtain techno-economicclearance from CEA before they can be implemented.
 National Thermal Power Corporation (NTPC), NationalHydro-electric Power Corporation (NHPC) and Power Grid Corporation Limited (PGCL) were formed by thegovernment to assist in meeting the increasing demandfor electricity throughout the country.

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