Private Participation in the Indian Power Sector : Lessons from Two Decades of Experience

Mukherjee, Mohua

Washington, DC:World Bank

关键词: ALTERNATIVE ROUTE;    AMORTIZATION;    AMOUNT OF POWER;    ANNUAL REVENUE REQUIREMENT;    APPROACH;   

DOI  :  10.1596/978-1-4648-0339-0
RP-ID  :  91159

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This book reviews the major developmentsin and the lessons learned from the 21-year (1991-2012)experience with private sector participation (PSP) in thepower sector in India. It discusses the political economycontext of the policy changes, looks at reform initiativesthat were implemented for the generation sector, describestransmission and distribution segments at different pointsin the evolution of the sector, and concludes with a summaryof lessons learned and a suggested way forward. Theevolution of private participation in the Indian powersector can be divided into different phases. Phase one waslaunched with the opening of the generation sector toprivate investment in 1991. Phase two soon followed - earlyexperiments with state-level unbundling and other reforminitiatives, including regulatory reform, culminating indivestiture, and privatization in Orissa and Delhirespectively. Phase three, the passage of the electricityact of 2003 by the central government, followed by a largeincrease in private entry into generation and forays intotransmission and experiments with distribution franchisemodels in urban and rural areas during the 11th five-yearplan (2007-12) period. In phase four, at the start of the12th five-year plan (2012-17), the sector is seeing a sharpreduction in bid euphoria and greater risk aversion on thepart of bidders, who are concerned about access to basicinputs such as fuel and land. In this context, the report isstructured as follows: chapter one gives introduction;chapter two presents private sector participation in thermalgeneration; chapter three presents private sectorparticipation in transmission; chapter four deals withprivate sector participation in distribution; chapter fivedeals with private sector participation in the Indian solarenergy sector; chapter six deals with financing of the powersector; chapter seven presents emerging issues and proposedapproaches for the Indian power sector; and chapter eightgive updates.