Author: Niranjan SahooPublisher: Pentagon PressYear: 2007Language: EnglishPages: 60ISBN/UPC (if available): 818274301X
Economic reforms introduced in the early 1990s in India to overcome a serious fiscal crisis brought about sweeping changes in a number of critical areas; telecom, banking, financial and capital markets, foreign trade etc. In this early reform scheme, the power sector was chosen as one of the key entities for showcasing the initiation of the new economic reforms process. Departing from a system of complete state monopoly, the sector was shifted into two different gears - privitisation through independent power producers and fast truck projects, restructuring of organisational set up of SEBs, private public participation and so on.
BACKGROUND OF THE STUDYGENSESIS OF A STATE CONTROLLED POWER SECTORState capture of power sector: broad contextBeginning of the politics of ‘Free power’Farmer’s Movement and the politics of Power subsidySEBs as ‘Holy Cow’ of power politicsImplications of state capture of power sectorTHE NEW ECONOMY POLICIES AND POWER SECTOR REFORMSThe early reform flingsThe first salvo: The IIP paradigmAn appraisal of the IIP ModelRole of incentives and interestsState driven reform processOrissa leads the wayScaling up the Orissa ModelConsolidation of State-level reforms: Centre leading the waySelling reform to Chief Ministers Central Electricity ActOther important MilestonesTHE REFORMS SO FAR: A BALANCE SHEET WHY POWER REFORM IS A DAUNTING TASKReforms and political commitmentReforms and democratic compulsionsRents, corruption and election fundsPolitics of subsidyThe Bureaucracy and vested interest groupsCenter’s diminishing leverageCrisis of CredibilityPROSPECT FOR REFORMSNotes References