Infrastructure And Energy Sector: Recent Regulatory And Policy Initiatives

In order to give impetus to growth in the infrastructure and energy sector, the Government of India has initiated several changes in the regulatory and policy framework governing the sector during the last financial year. We have in this article discussed the key reforms initiated in the previous financial year.

POWER SECTOR

National Tariff Policy

The amendments in the National Tariff Policy approved by the Cabinet in January are one of the key reforms. As per the official release, "the objective of the amendments is to ensure the 4 Es of Electricity for all, Efficiency to ensure affordable tariffs, Environment for a sustainable future, Ease of doing business to attract investments and Ensure financial viability." The revised tariff policy lays emphasis on the renewable energy production. New coal/lignite projects will have to set up a renewable energy project equivalent to 10% of the generating capacity. The power generated from such renewable energy