India Power Sector Diagnostic Review : More Power to India - The Challenge of Distribution
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Washington, DC
Resumen
Descripción
This report reviews the evolution of the
Indian power sector since the landmark Electricity Act of
2003 (EA 2003, or EA), with a focus on distribution as key
to performance and viability of the sector. While all three
segments of the power sector generation, transmission, and
distribution are important, revenues originate with the
customer at distribution, so subpar performance there hurts
the entire value chain. Persistent operational and financial
shortcomings in distribution have repeatedly led to central
bailouts for the whole sector, even though power is a
concurrent 1 subject under the Indian constitution and
distribution is almost entirely under state control.
Ominously, the recent sharp increase in private investment
and market borrowing means power sector difficulties are
more likely to spill over to lenders and affect the broader
financial sector. Government-initiated reform efforts first
focused on the generation and transmission segments,
reflecting the urgent need for adding capacity and the
complexity of issues to be addressed at the consumer
interface. Consequently, distribution improvements have
lagged, but it is now clear that they need to be a priority.
This report thus analyzes the multiple sources of weakness
in distribution and identifies the key challenges to
improving performance in the short and medium term.
Palabras clave
ACCESS TO ELECTRICITY, ACCOUNTABILITY, AFFORDABILITY, AGGREGATE DEMAND, AGRICULTURE, ALLIANCE MODEL, ALTERNATIVE ENERGY, ALTERNATIVE ENERGY PROGRAM, AMOUNT OF POWER, APPROACH, ASSETS, AUCTIONS, AUTHORITY, AVAILABILITY, BALANCE, BENCHMARKING, BENCHMARKS, BIDDING FOR CONCESSIONS, BILL COLLECTION, BLOCK TARIFFS, BORROWING, BUILDING POWER PLANTS, BULK POWER, CAPACITY BUILDING, CAPITAL ADEQUACY, CAPITAL COST, CAPITAL MARKETS, CAPITAL STRUCTURES, CASH FLOW, CASH-FLOW, CENTRAL GOVERNMENT, CLEAN ENERGY, COAL, COAL PRODUCTION, COLLECTION EFFICIENCY, COMMERCIAL BANKS, COMMERCIAL RISKS, COMPETITIVE BIDDING, COMPETITIVE POWER MARKETS, COMPETITIVE PROCUREMENT, COMPETITIVENESS, CONSTITUTION, CONSUMER GROUPS, CONSUMER WELFARE, CONSUMERS, CONSUMPTION LEVELS, CONVENTIONAL GENERATION, CORPORATE GOVERNANCE, COST OF POWER, COST OF SERVICE, COST RECOVERY, CREDITORS, CREDITWORTHINESS, CUSTOMER SATISFACTION, CUSTOMER SERVICE, DEBT, DECISION MAKING, DECISION-MAKING, DECISION-MAKING AUTHORITY, DEVELOPMENT FINANCE, DEVELOPMENT FINANCE COMPANY, DISTRIBUTION COMPANIES, DISTRIBUTION LOSSES, DOMESTIC COAL, DUE DILIGENCE, ECONOMETRIC ANALYSIS, ECONOMIC REFORMS, ELECTRICITY, ELECTRICITY CONSUMPTION, ELECTRICITY REGULATOR, ELECTRICITY SECTOR, ELECTRICITY SUPPLY, ELECTRIFICATION, EMPOWERMENT, ENERGY MARKETS, ENERGY MIX, EXCHANGE RATES, EXPANSION OF TRANSMISSION, EXPENDITURE, EXPLICIT SUBSIDY, FINANCES, FINANCIAL ASSISTANCE, FINANCIAL AUTONOMY, FINANCIAL BURDEN, FINANCIAL DIFFICULTIES, FINANCIAL INSTITUTIONS, FINANCIAL PERFORMANCE, FINANCIAL SECTOR, FINANCIAL SUPPORT, FINANCIAL VIABILITY, FISCAL BURDEN, FISCAL COSTS, FISCAL DEFICIT, FORECASTS, FRANCHISEES, FUEL, FUEL USE, GDP, GENERATING CAPACITY, GENERATION, GENERATION CAPACITY, GOVERNANCE REQUIREMENTS, GOVERNMENT POLICY, GRID EXTENSION, GRID RENEWABLE ENERGY, GROSS DOMESTIC PRODUCT, GROWTH RATE, HOUSEHOLDS, HYDROPOWER, INDEPENDENT POWER PRODUCERS, INDEPENDENT REGULATION, INEFFICIENCY, INFORMATION SYSTEM, INFORMATION TECHNOLOGY, INFRASTRUCTURE DEVELOPMENT, INSOLVENCY, INSOLVENT, INSTITUTIONAL FRAMEWORK, INTERNATIONAL BANK, INVESTMENT REQUIREMENTS, JOB CREATION, JOINT VENTURES, KEY CHALLENGES, KILOWATT-HOUR, LACK OF ACCOUNTABILITY, LEGISLATION, LEGISLATURES, LENDERS, LENDING DECISIONS, LIQUIDITY, LOW TARIFF, MAINTENANCE CONTRACTORS, MANAGEMENT CONTRACTS, MERCHANT, MICROFINANCE, MINE DEVELOPMENT, MINISTRY OF FINANCE, MONOPOLY, NET WORTH, OPEN ACCESS, OPPORTUNITY COST, OUTSTANDING LOANS, OWNERSHIP SHARE, PERFORMANCE TARGETS, POWER, POWER AVAILABILITY, POWER CONSUMPTION, POWER CORPORATION, POWER DISTRIBUTION, POWER GENERATION, POWER GRID, POWER PLANTS, POWER PROCUREMENT, POWER PRODUCERS, POWER PURCHASE, POWER PURCHASE AGREEMENTS, POWER PURCHASE COSTS, POWER PURCHASES, POWER SECTOR, POWER SECTOR REFORM, POWER SHORTAGES, POWER SUPPLIERS, PRIVATE INVESTMENT, PRIVATE INVESTORS, PRIVATE OPERATORS, PRIVATE SECTOR PARTICIPATION, PRIVATIZATION, PROTECTION OF CONSUMERS, PUBLIC FINANCE, PUBLIC INFORMATION, PUBLIC INVESTMENT, PUBLIC POWER, PUBLIC SECTOR, PUBLIC-PRIVATE PARTNERSHIP, RATES OF RETURN, REGULATORY FRAMEWORK, RENEWABLE ENERGY, RENEWABLE ENERGY CAPACITY, RENEWABLE ENERGY GENERATION, REPRESENTATIVES, REVENUE COLLECTION, REVENUE SHORTFALLS, RURAL ELECTRIFICATION, SOCIAL IMPACT ANALYSIS, SOLAR ENERGY, SOLAR POWER, SPOT MARKET, STATE BUDGET, STATE CONTROL, STATE FUNDS, STATE GOVERNMENT, STATE POWER, STATE SUBSIDIES, STATE SUPPORT, STATE UTILITIES, SUPPLY CHAIN, TARIFF BIDS, TARIFF BLOCK, TARIFF LEVELS, TARIFF STRUCTURES, TECHNICAL ASSISTANCE, TECHNICAL SUPPORT, THERMAL POWER, THERMAL POWER PLANT, THERMAL POWER PLANTS, TOTAL COSTS, TRANSACTION COSTS, TRANSMISSION GRID, TRANSMISSION LINES, TRANSMISSION OWNERS, TRANSMISSION SYSTEM, TRANSPARENCY, UNION, URBAN AREAS, UTILITIES, UTILITY OPERATIONS, VILLAGES, VOTERS, WIND