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MARKET-ORIENTED POWER SECTOR REFORMS: A CRITIQUE

N. Sreekumar

The IUP Journal of Governance and Public Policy, 2008, vol. III, issue 2 & 3, 25-48

Abstract: This article reviews the market-oriented power sector reforms initiated in India in the early 1990s. It brings out a public interest oriented critique of the three phases of the reforms—firstly, privatisation of generation, secondly, state sector restructuring and finally, the ongoing reforms since the passage of the Electricity Act 2003. Reforms were taken up as a response to the crisis in the sector. The article questions the success of the process in solving the crisis. While acknowledging positive elements like increase in transparency and participation, it criticises the process for neglect of development issues like rural electrification and energy efficiency. The article concludes with some thoughts on developing an alternate reform approach.

Date: 2008
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