This, the report said, would help attract adequate investment to bridge the prevailing gaps in the country's transmission infrastructure.
Currently, PGCIL has a monopoly over the power transmission business, which was only recently opened for private participation by the government. The report has estimated 12th Plan investment requirement for the sector at $35 billion, of which $16 billion must come from private players.
Timely action is required from policymakers for reinvigorating the transmission sector with the help of both private and public participation. The key areas that need action are easing of the clearance process and enforcement of adequate redressal mechanisms, says the Ficci-Booz & Co report.