Indian economy has been growing at a rate of 6-8 %rnannually during the 10th plan period (2002-07), whichrnrequires growth of basic infrastructural facilities at a stillrnhigher rate. Power sector is one of the major componentsrnof infrastructure development, which requires a growthrnrate of 9-10 % during the 11th and 12th plan periodsrn(2007–2016). This requires huge amount of investmentsrnand restructuring of power sector, for which Governmentrncannot fund the entire amount independently. Hence,rnprivate participation is necessary either as an independentrnventure or through public-private partnership (PPP).rnElectricity Act 2003 is a step in the direction of reformsrnby creating an environment for private participation in therngeneration, transmission and distribution of power in therncountry. The main aim of this Act is to implement properrnsteps for efficient and optimum use of energy resourcesrnavailable in India and to supply quality power at goodrnreliability and optimum cost to the Indian consumers.rnHowever, one of the major constraints faced by the powerrnsector is the lack of adequate R&D support. This paperrnattempts to throw a light on present status of Indian powerrnsector with respect to generation, transmission andrndistribution of electricity.
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