An Analytical Study of Growth of Indian Power Sector

Abstract

The power sector is one of the most critical growth drivers for any country. The power sector in India is highly regulated by the government and is dependent on the policies framed regarding bidding for power projects, regulations regarding transmission of power between states and pricing of power supply to consumer is also decided by the government. In India, the passage of the Electricity Act, 2003 brought about an impetus in the sector which paved way for new reforms in it. This paper firstly presents the overview of Indian power sector followed by analysis of growth of power sector in terms of installed generation capacity, electricity consumption, transmission and distribution losses ,number of villages electrified, length of T&D lines and per capita consumption of electricity using compound annual growth rate .