Privatisation policy and power sector reforms: lessons from British experience for India

Wood, Douglas and Kodwani, Devendra (1997). Privatisation policy and power sector reforms: lessons from British experience for India. Economic and Political Weekly, 32(37) pp. 2350–2358.

URL: http://www.jstor.org/stable/4405844

Abstract

Privatisation of public sector enterprises becomes an important policy issue in the context of the current liberalisation and deregulation of the industrial sectors in India. Already some initiatives on divestment in public sector enterprises have been taken by the Indian government. The key issues revolve around the degree of restructuring the state enterprises or industries to be privatised, the speed and timing of such restructuring and the methods used for transfer of ownership from public sector to private sector. This paper examines the lessons of the British privatisation programme for India since reform of the energy sector is a key economic objective in India. The discussion focuses on privatisation of electricity supply industry a key sector in economic development in India. Privatisation of British Electricity Supply Industry was preceded by radical changes in the industry structure and restructuring of the firms in the industry and was accompanied by a tight regulatory framework intended to promote efficiency and competition.

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