2011, 20th Aug Future Power Systems for Green and Clean World

Private investments are pouring into the power sector and companies are diversifying their businesses and power sector seems to be a lucrative option. There is a financial theory “Greater is the risk involved in an activity, more is the return”. This suits power sector in an unconditional way. Earlier companies were not ready to enter into the sector due to large entry barriers. One had to get a large number of clearances, the government regulations were strict and people doubted that they could get the returns in proportion to the heavy investments made. But with Electricity Act'03, the scenario has changed altogether. The government has de-licensed generation. Captive plants for selfconsumption are also allowed to set up. Private participation in generation, T&D has been welcomed in a way no one could have ever thought.