Regulation and Administration
The Ministry of Power is India's apex central government body regulating the electrical energy sector in India. This ministry was created on 2 July 1992. It is responsible for planning, policy formulation, processing of projects for investment decisions, monitoring project implementation, training and manpower development, and the administration and enactment of legislation in regard to thermal, hydro power generation, transmission and distribution. It is also responsible for the administration of India's Electricity Act (2003), the Energy Conservation Act (2001) and to undertake such amendments to these Acts, as and when necessary, in conformity with the Indian government's policy objectives.
Effective 31 July 2012, the Union Minister of Power is Veerappa Moily.
Electricity is a concurrent subject at Entry 38 in List III of the seventh Schedule of the Constitution of India. In India's federal governance structure this means that both the central government and India's state governments are involved in establishing policy and laws for its electricity sector. This principle motivates central government of India and individual state governments to enter into memorandum of understanding to help expedite projects and reform electricity sector in respective state.
- Government owned power companies
India's Ministry of Power administers central government owned companies involved in the generation of electricity in India. These include National Thermal Power Corporation, Damodar Valley Corporation, National Hydroelectric Power Corporation and Nuclear Power Corporation of India. The Power Grid Corporation of India is also administered by the Ministry; it is responsible for the inter-state transmission of electricity and the development of national grid.
The Ministry works with various state governments in matters related to state government owned corporations in India's electricity sector. Examples of state corporations include Andhra Pradesh Power Generation Corporation Limited, Assam Power Generation Corporation Limited Tamil Nadu Electricity Board, Maharashtra State Electricity Board, Kerala State Electricity Board, and Gujarat Urja Vikas Nigam Limited.
- Funding of power infrastructure
India's Ministry of Power administers Rural Electrification Corporation Limited and Power Finance Corporation Limited. These central government owned public sector enterprises provide loans and guarantees for public and private electricity sector infrastructure projects in India.
Read more about this topic: Electricity Sector In India
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