The prospects for the power sec­tor in In­dia are promis­ing

There is hope that with a sta­ble govern­ment there would be greater thrust on pol­icy and ex­e­cu­tion. While coal will con­tinue as the main­stay of power gen­er­a­tion, the chal­lenge will be to re­move ob­sta­cles, in­te­grate with other non-con­ven­tional sources, and

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in­te­gra­tion of the south­ern grid with the other four re­gional grids (al­ready op­er­at­ing in a syn­chro­nous mode) is com­pleted. Fur­ther, 25 per cent of the to­tal tar­geted 10000ckt km of trans­mis­sion line projects (in 12th Five-Year Plan) have al­ready been com­pleted as of De­cem­ber 2013. Re­newed in­ter­est by for­eign in­vestors in power sec­tor as re­flected by pick­ing up of eq­uity stakes by them in In­dian power com­pa­nies. Fur­ther, there has been progress on poli­cies to strengthen the PPP model for en­cour­ag­ing pri­vate par­tic­i­pa­tion. Ap­proval of a debt re­struc­tur­ing plan to im­prove fi­nan­cial health of dis­coms. Work on mul­ti­ple ded­i­cated freight cor­ri­dors to en­sure rail con­nec­tiv­ity with ports and en­hance ca­pac­ity for fuel trans­porta­tion. En­hance­ment of pro­duc­tion plans of CIL and its sub­sidiaries through tech­nol­ogy en­hance­ment, pri­vati­sa­tion and con­sis­tent en­vi­ron­men­tal poli­cies, favourable im­port pol­icy, and pric­ing strat­egy to bal­ance the cost of im­ported and do­mes­tic coal.

The govern­ment has at­tempted to im­prove the ef­fi­ciency of old coal-based plants through ren­o­va­tion, mod­erni­sa­tion and life ex­ten­sion (R&M & LE) pro­grammes. Ra­tio­nal­i­sa­tion to syn­chro­nise tar­iffs for gen­er­a­tion and dis­tri­bu­tion com­pa­nies. Im­ple­men­ta­tion of a uni­form and trans­par­ent land ac­qui­si­tion and R&R frame­work. There is hope that with a sta­ble govern­ment at the Cen­tre, there would be greater thrust on pol­icy en­hance­ment and ex­e­cu­tion. Coal will con­tinue to be the main­stay of power gen­er­a­tion in In­dia. The chal­lenge will be to re­move the ob­sta­cles, in­te­grate with other sources in­clud­ing non-con­ven­tional ones and en­sure sus­tain­able growth of the sec­tor through pol­icy and prac­tice en­hance­ment.

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