Ficci seeks level playing field for power transcos

Written by fe Bureau | New Delhi | Updated: Sep 29 2013, 02:25am hrs
The government must tweak the policy framework for the power transmission sector to level the playing field for private companies competing against state-owned Power Grid Corporation of India (PGCIL), says a report released by trade body Ficci on Friday.

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.