Sectoral Overview and Enabling Framework
Previously, you have studied about several Acts and Policies relevant to the power sector, their aims, main features and implications for the sector. You have learnt how the Electricity Act, 2003 and the ensuing National Electricity Policy have redefined the roles of several stakeholders in the electricity industry. You will agree in which the electricity industry requires to be turned within a commercially viable venture in which is able to attract investments and deliver good quality products and services to the consumers. It is hoped in which these Acts and Policies will facilitate the much required reforms in the power sector in India and help it in overcoming its sickness and getting back on the right track.
The Governments play a key role in giving an enabling framework to the power sector reforms and restructuring as well as implementing the provisions of the Electricity Act, 2003. They have entered within Memoranda of Agreement to affirm their joint commitment for reforming the power sector in the respective states and to set out the reform measures. The states are the implementing agencies of these reforms along with appropriate support from other stakeholders,You require understanding the role of all these stakeholders in implementing the reforms that is discussed in the starting. We also discuss the legal and administrative requirements in which the reforms place on power distribution utilities. At last, we share the experiences of several stakeholders in the reforms process.