Changing rules of Indian power sector: empowering the economy
CII in association with its Knowledge Partner, PwC India released a report on ‘Changing rules of Indian power sector: Empowering the economy’ against the backdrop of the Sixth Edition of ‘Energy Conclave 2015: Transforming the Energy Sector through Policy, Regulation and Technology’ organized by CII on 12 August, 2015 in Kolkata. Power is one of the most critical components of infrastructure, affecting economic growth and the wellbeing of nations. The existence and development of an adequate power infrastructure is essential for the sustained growth of the Indian economy. The Indian power system is the fifth largest in the world and among the most complex. With an annual electricity production of 1,031 billion units (BU), it is among the top five power consumers across the globe, and the demand is expected to touch 1,900 BU by 2020. Growth in industrial activities, population, economy, prosperity and urbanisation, along with rising per-capita energy consumption, has widened the gap of energy access in the country. This CII-PwC report seeks to provide an overview of the regulatory reforms in the Indian power sector and outlines some of the key issues that needs to be addressed.