Future Power Systems for Green and Clean World”
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Date
2013-10-07T10:02:29Z
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Abstract
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 self consumption
are also allowed to set up. Private participation in generation, T&D has
been welcomed in a way no one could have ever thought.