Power: Need and Importance
For the country's infrastructure to develop, Power plays a vital role.
Without power, it is next to impossible to develop the country's
economy. And not only industries, power have also become a part and
parcel of human life. Our day starts from the use of power and ends with
its use. If there were no power how will you watch television, press
your clothes, draw water from bore, fight the scorching sun in summer?
Current Scenario of the Power Sector in India
With the growing demand of power, there is huge potential of investment
in the power sector of India. Power sector is in the concurrent list of
the Indian Constitution. So it is under the purview of both the central
government and the state government. The power sector of India is mainly
dominated by the public sector undertakings, though slowly the private
sectors are also coming up. The state and the central government
generate nearly 90% of power. The private sector is accountable for only
10% generation. The funds of the power sector are fulfilled through
budgets and other external borrowings. There has been a significant
growth in the power sector of India in the last few years. During
2006-07, the growth rate was only 3.1 %. But in the year 2007-08 (up to
September 07) the growth rate was 7.6%.
Important Power Corporations of India
The Government of India has a vision of providing power to all by 2012.
For this it is very much essential that the installed power generation
capacity should reach to 2, 00,000 MW from the present capacity of 1,
14,000 MW. Some of the major Power corporations of India are:
