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Power sector in India witnessed a of sodium cooled fast breeder reactors and associated fuel

major structural reform in 2003, when • cycle technologies.
100% FdI is allowed in the Power sector for generation from
generation was de-licensed under the all sources (except atomic energy), transmission and distri-
electricity act 2003. bution of electric energy and Power Trading under the auto-
matic route
• 49% FdI allowed in Power Exchanges registered under the
or controlled by the Central Government unless otherwise Central Electricity Regulatory Commission (Power Market)
specified by the Central Government on case-to-case basis. Regulations, 2010 under automatic route
• Establishment of power trading exchanges and independent
system operator further reinforced growth. opportunities

Key initiatives by the government • according to the national Electricity Plan 2018, the likely in-
stalled capacity from different fuel types at the end of 2021-
• Ministry of Power has taken various measures to achieve its 22 in the base case has been estimated to be 479 GW. The
aim of providing 24X7 affordable and environment-friendly likely installed capacity at the end of 2026-27 has been es-
‘Power for all’ by 2019. Below are the key initiatives taken timated to be 619 GW. according to CEa report on optimal
9
by the Indian government to support the generation sector: generation capacity mix for 2029-30, total installed capacity
• shakti (new coal Linkage Policy 2017): Introduction of auc- by the end of 2019-30 is 831 GW. 10
tions for granting coal linkages for IPPs have supported pow- • O&M services: Focus on cost reduction initiatives and take-
er assets to secure coal supply at competitive prices over of plants by banks/financial institutions has led to out-
• Retirement of old units: Thermal capacity of 2398 MW and sourcing of O&M activities by established thermal capacities.
5082 MW has been retired under the 11th and 12 plan pe- • Flexible power generation: Rapid integration of RE ca-
th
riod, respectively, opening space for new capacity, Further, pacity has led to opportunities in the field of flexible power
~23 GW and ~25GW is expected to be retired over the period generation have emerged to support the increased variation
2017-22 and 2020-27, respectively demand – supply curve.
• adoption of super-critical technology in thermal genera- • Load demand forecasting services: Increased variation in
tion. Coal fired thermal generation units based on Ultra-su- demand – supply curve has led to load forecasting demand
per-critical technology are also being introduced in the to increase efficiencies and taking commercially viable deci-
country. nTPC, the largest power utility in India, commis- sions to plan capacities.
sioned country’s first ultra super critical unit with capacity • Project Management: significant increase in cost overruns
of 660 MW. nTPC has plans to commission country’s first and time delays during plat construction which is far higher
advanced super critical plant in its sipat station. than global standards have led to emergence of project man-
• Renovation and Modernization (R&M) & Life Extension (LE) agement opportunities.
of existing old power stations. • Emission control: Increased focus of the government on
• Encouragement of renewable energy sources of generation emission control has led to opportunities in emission con-
and increasing share of renewable energy in the energy mix trol where an estimated 226 GW of capacity would need to be
of the country by encouraging offshore wind projects, Wind upgraded for emission control of both FGd (Flue gas desul-
solar hybrid policy, repowering policy, scheme for develop- furization) and EsP (Electrostatic precipitator).
ment for solar parks. • Out of the fund requirement of Usd 120.27 Bn for the proj-
• a new Hydropower policy for 2018-28 has been drafted for ects likely to be commissioned during 2017-22, it is estimat-
the growth of hydro projects in the country. ed that Usd 20.10 bn would be required for Central sector
• nuclear Power Generation Programme for the development projects; Usd 13.10 bn would be required for state sector

22 shaping new energy dimensions