Governance of Indian State Power Utilities : An Ongoing Journey

By the late 1990s, the technical and financial performance of the power sector in India had deteriorated to the point where the Government of India had to step in to bail out the state utilities, almost all of which were vertically integrated state...

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Main Authors:	Pargal, Sheoli, Mayer, Kristy
Format:	Working Paper
Language:	English en_US
Published:	Washington, DC: World Bank Group 2014
Subjects:	ACCOUNTABILITY ACQUISITIONS ADEQUATE TRANSPARENCY ANNUAL REVENUE REQUIREMENT APPROACH ARTICLES OF ASSOCIATION AUDIT COMMITTEE AUDIT COMMITTEES AVAILABILITY BALANCE BOARD MEETINGS BOARD MEMBER BOARD MEMBERS BOARD MEMBERSHIP BOARDS OF DIRECTORS BUREAUCRACY BUSINESS ETHICS CADRES CASH FLOWS CENTRAL GOVERNMENT CEO CEOS CHIEF EXECUTIVE COMMERCIAL ACCOUNTING COMMERCIAL ENTITIES COMMERCIAL RISKS COMMERCIALIZATION COMPANIES ACT COMPANY LAW CONFEDERATION CONSTITUTION CONSUMER INTERESTS CONSUMER PROTECTION CONTROLLING SHAREHOLDERS CORPORATE BODIES CORPORATE DECISION CORPORATE EXECUTIVES CORPORATE GOVERNANCE CORPORATE MALFEASANCE CORPORATE PERFORMANCE CORPORATE SOCIAL RESPONSIBILITY CORPORATION DECISION MAKING DECISION-MAKING DECISION-MAKING AUTHORITY DISCLOSURE DISTRIBUTION COMPANIES DISTRIBUTION COMPANY DISTRIBUTION FUNCTIONS DISTRIBUTION SYSTEMS EFFICIENCY OF SERVICE EFFICIENCY OF SERVICE DELIVERY ELECTRICITY ELECTRICITY REGULATOR ELECTRICITY SECTOR ELECTRICITY SUPPLY ELECTRICITY SYSTEM ELECTRICITY TARIFFS ELECTRICITY UTILITIES ELECTRIFICATION EMPLOYMENT ENERGY EFFICIENCY FINANCIAL AUTONOMY FINANCIAL EVALUATION FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FINANCIAL STATEMENTS FINANCIAL SUPPORT FIRM PERFORMANCE FRANCHISES GENERATION GOVERNANCE REQUIREMENTS GOVERNMENT APPROVAL GOVERNMENT DEPARTMENTS GOVERNMENT OFFICIALS GOVERNMENT POLICY GOVERNMENT PROGRAMS GOVERNMENT REPRESENTATIVES GOVERNMENT SUBSIDIES GOVERNMENT PERFORMANCE GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT DATA HOLDING COMPANIES HOLDING COMPANY HUMAN RESOURCE HUMAN RESOURCE POLICIES HUMAN RESOURCES HYDROPOWER HYDROPOWER GENERATION INCORPORATED INDEPENDENT AUDIT INDEPENDENT DIRECTOR INDEPENDENT DIRECTORS INDEPENDENT OVERSIGHT INDEPENDENT REGULATION INSTITUTIONAL STRUCTURE INVESTMENT DECISIONS JOINT VENTURE JOINT VENTURES LABOR UNIONS LEGISLATION LEGISLATURES LIMITED LTD. MANAGERIAL AUTONOMY MANAGERS METER READING MINISTRY OF FINANCE NETWORK INFRASTRUCTURE NETWORK PLANNING OPEN ACCESS OPEN COMPETITION OPERATIONAL EFFICIENCY OPERATIONAL PERFORMANCE PERFORMANCE INDICATORS PERFORMANCE OUTCOMES PERFORMANCE TARGETS POISON PILLS POLITICAL INTERFERENCE POLITICAL SENSITIVITY POLITICIANS POLLUTION POWER DISTRIBUTION POWER GENERATION POWER POLITICS POWER PROCUREMENT POWER SECTOR POWER SECTORS POWER SYSTEM PRIVATE COMPANY PRIVATE CORPORATION PRIVATE OWNERSHIP PRIVATE PARTICIPATION PRIVATE PARTNERSHIPS PRIVATE SECTOR PARTICIPATION PROFIT MAXIMIZATION PROXY PUBLIC ACCOUNTABILITY PUBLIC CORPORATIONS PUBLIC OWNERSHIP PUBLIC PARTICIPATION PUBLIC POLICY PUBLIC SECTOR PUBLIC SECTOR MODEL PUBLIC UTILITIES PUBLIC UTILITY PUBLIC WATER PUBLIC WATER UTILITIES QUALITY OF SERVICE REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY MECHANISMS RENEWABLE ENERGY REORGANIZATION REVENUE SHORTFALLS RIGHTS OF SHAREHOLDERS SERVICE PROVISION SHAREHOLDER SHAREHOLDER RIGHTS SHAREHOLDER VALUE SHAREHOLDERS STAKEHOLDERS STATE CONTROL STATE GOVERNMENT STATE POWER STATE UTILITIES STATE-OWNED COMPANIES STATE-OWNED ENTERPRISES STOCK MARKETS STOCK PRICE SUBSIDIARIES SUCCESSOR COMPANIES SUCCESSOR COMPANY SUCCESSOR ENTITIES TARIFF SETTING TRANSPARENCY UNION UTILITY EMPLOYEES UTILITY OPERATIONS WATER UTILITIES
Online Access:	http://documents.worldbank.org/curated/en/2014/09/20268779/governance-indian-state-power-utilities-ongoing-journey http://hdl.handle.net/10986/20397

id	okr-10986-20397
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTABILITY ACQUISITIONS ADEQUATE TRANSPARENCY ANNUAL REVENUE REQUIREMENT APPROACH ARTICLES OF ASSOCIATION AUDIT COMMITTEE AUDIT COMMITTEES AVAILABILITY BALANCE BOARD MEETINGS BOARD MEMBER BOARD MEMBERS BOARD MEMBERSHIP BOARDS OF DIRECTORS BUREAUCRACY BUSINESS ETHICS CADRES CASH FLOWS CENTRAL GOVERNMENT CEO CEOS CHIEF EXECUTIVE COMMERCIAL ACCOUNTING COMMERCIAL ENTITIES COMMERCIAL RISKS COMMERCIALIZATION COMPANIES ACT COMPANY LAW CONFEDERATION CONSTITUTION CONSUMER INTERESTS CONSUMER PROTECTION CONTROLLING SHAREHOLDERS CORPORATE BODIES CORPORATE DECISION CORPORATE EXECUTIVES CORPORATE GOVERNANCE CORPORATE MALFEASANCE CORPORATE PERFORMANCE CORPORATE SOCIAL RESPONSIBILITY CORPORATION DECISION MAKING DECISION-MAKING DECISION-MAKING AUTHORITY DISCLOSURE DISTRIBUTION COMPANIES DISTRIBUTION COMPANY DISTRIBUTION FUNCTIONS DISTRIBUTION SYSTEMS EFFICIENCY OF SERVICE EFFICIENCY OF SERVICE DELIVERY ELECTRICITY ELECTRICITY REGULATOR ELECTRICITY SECTOR ELECTRICITY SUPPLY ELECTRICITY SYSTEM ELECTRICITY TARIFFS ELECTRICITY UTILITIES ELECTRIFICATION EMPLOYMENT ENERGY EFFICIENCY FINANCIAL AUTONOMY FINANCIAL EVALUATION FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FINANCIAL STATEMENTS FINANCIAL SUPPORT FIRM PERFORMANCE FRANCHISES GENERATION GOVERNANCE REQUIREMENTS GOVERNMENT APPROVAL GOVERNMENT DEPARTMENTS GOVERNMENT OFFICIALS GOVERNMENT POLICY GOVERNMENT PROGRAMS GOVERNMENT REPRESENTATIVES GOVERNMENT SUBSIDIES GOVERNMENT PERFORMANCE GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT DATA HOLDING COMPANIES HOLDING COMPANY HUMAN RESOURCE HUMAN RESOURCE POLICIES HUMAN RESOURCES HYDROPOWER HYDROPOWER GENERATION INCORPORATED INDEPENDENT AUDIT INDEPENDENT DIRECTOR INDEPENDENT DIRECTORS INDEPENDENT OVERSIGHT INDEPENDENT REGULATION INSTITUTIONAL STRUCTURE INVESTMENT DECISIONS JOINT VENTURE JOINT VENTURES LABOR UNIONS LEGISLATION LEGISLATURES LIMITED LTD. MANAGERIAL AUTONOMY MANAGERS METER READING MINISTRY OF FINANCE NETWORK INFRASTRUCTURE NETWORK PLANNING OPEN ACCESS OPEN COMPETITION OPERATIONAL EFFICIENCY OPERATIONAL PERFORMANCE PERFORMANCE INDICATORS PERFORMANCE OUTCOMES PERFORMANCE TARGETS POISON PILLS POLITICAL INTERFERENCE POLITICAL SENSITIVITY POLITICIANS POLLUTION POWER DISTRIBUTION POWER GENERATION POWER POLITICS POWER PROCUREMENT POWER SECTOR POWER SECTORS POWER SYSTEM PRIVATE COMPANY PRIVATE CORPORATION PRIVATE OWNERSHIP PRIVATE PARTICIPATION PRIVATE PARTNERSHIPS PRIVATE SECTOR PARTICIPATION PROFIT MAXIMIZATION PROXY PUBLIC ACCOUNTABILITY PUBLIC CORPORATIONS PUBLIC OWNERSHIP PUBLIC PARTICIPATION PUBLIC POLICY PUBLIC SECTOR PUBLIC SECTOR MODEL PUBLIC UTILITIES PUBLIC UTILITY PUBLIC WATER PUBLIC WATER UTILITIES QUALITY OF SERVICE REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY MECHANISMS RENEWABLE ENERGY REORGANIZATION REVENUE SHORTFALLS RIGHTS OF SHAREHOLDERS SERVICE PROVISION SHAREHOLDER SHAREHOLDER RIGHTS SHAREHOLDER VALUE SHAREHOLDERS STAKEHOLDERS STATE CONTROL STATE GOVERNMENT STATE POWER STATE UTILITIES STATE-OWNED COMPANIES STATE-OWNED ENTERPRISES STOCK MARKETS STOCK PRICE SUBSIDIARIES SUCCESSOR COMPANIES SUCCESSOR COMPANY SUCCESSOR ENTITIES TARIFF SETTING TRANSPARENCY UNION UTILITY EMPLOYEES UTILITY OPERATIONS WATER UTILITIES
spellingShingle	ACCOUNTABILITY ACQUISITIONS ADEQUATE TRANSPARENCY ANNUAL REVENUE REQUIREMENT APPROACH ARTICLES OF ASSOCIATION AUDIT COMMITTEE AUDIT COMMITTEES AVAILABILITY BALANCE BOARD MEETINGS BOARD MEMBER BOARD MEMBERS BOARD MEMBERSHIP BOARDS OF DIRECTORS BUREAUCRACY BUSINESS ETHICS CADRES CASH FLOWS CENTRAL GOVERNMENT CEO CEOS CHIEF EXECUTIVE COMMERCIAL ACCOUNTING COMMERCIAL ENTITIES COMMERCIAL RISKS COMMERCIALIZATION COMPANIES ACT COMPANY LAW CONFEDERATION CONSTITUTION CONSUMER INTERESTS CONSUMER PROTECTION CONTROLLING SHAREHOLDERS CORPORATE BODIES CORPORATE DECISION CORPORATE EXECUTIVES CORPORATE GOVERNANCE CORPORATE MALFEASANCE CORPORATE PERFORMANCE CORPORATE SOCIAL RESPONSIBILITY CORPORATION DECISION MAKING DECISION-MAKING DECISION-MAKING AUTHORITY DISCLOSURE DISTRIBUTION COMPANIES DISTRIBUTION COMPANY DISTRIBUTION FUNCTIONS DISTRIBUTION SYSTEMS EFFICIENCY OF SERVICE EFFICIENCY OF SERVICE DELIVERY ELECTRICITY ELECTRICITY REGULATOR ELECTRICITY SECTOR ELECTRICITY SUPPLY ELECTRICITY SYSTEM ELECTRICITY TARIFFS ELECTRICITY UTILITIES ELECTRIFICATION EMPLOYMENT ENERGY EFFICIENCY FINANCIAL AUTONOMY FINANCIAL EVALUATION FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FINANCIAL STATEMENTS FINANCIAL SUPPORT FIRM PERFORMANCE FRANCHISES GENERATION GOVERNANCE REQUIREMENTS GOVERNMENT APPROVAL GOVERNMENT DEPARTMENTS GOVERNMENT OFFICIALS GOVERNMENT POLICY GOVERNMENT PROGRAMS GOVERNMENT REPRESENTATIVES GOVERNMENT SUBSIDIES GOVERNMENT PERFORMANCE GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT DATA HOLDING COMPANIES HOLDING COMPANY HUMAN RESOURCE HUMAN RESOURCE POLICIES HUMAN RESOURCES HYDROPOWER HYDROPOWER GENERATION INCORPORATED INDEPENDENT AUDIT INDEPENDENT DIRECTOR INDEPENDENT DIRECTORS INDEPENDENT OVERSIGHT INDEPENDENT REGULATION INSTITUTIONAL STRUCTURE INVESTMENT DECISIONS JOINT VENTURE JOINT VENTURES LABOR UNIONS LEGISLATION LEGISLATURES LIMITED LTD. MANAGERIAL AUTONOMY MANAGERS METER READING MINISTRY OF FINANCE NETWORK INFRASTRUCTURE NETWORK PLANNING OPEN ACCESS OPEN COMPETITION OPERATIONAL EFFICIENCY OPERATIONAL PERFORMANCE PERFORMANCE INDICATORS PERFORMANCE OUTCOMES PERFORMANCE TARGETS POISON PILLS POLITICAL INTERFERENCE POLITICAL SENSITIVITY POLITICIANS POLLUTION POWER DISTRIBUTION POWER GENERATION POWER POLITICS POWER PROCUREMENT POWER SECTOR POWER SECTORS POWER SYSTEM PRIVATE COMPANY PRIVATE CORPORATION PRIVATE OWNERSHIP PRIVATE PARTICIPATION PRIVATE PARTNERSHIPS PRIVATE SECTOR PARTICIPATION PROFIT MAXIMIZATION PROXY PUBLIC ACCOUNTABILITY PUBLIC CORPORATIONS PUBLIC OWNERSHIP PUBLIC PARTICIPATION PUBLIC POLICY PUBLIC SECTOR PUBLIC SECTOR MODEL PUBLIC UTILITIES PUBLIC UTILITY PUBLIC WATER PUBLIC WATER UTILITIES QUALITY OF SERVICE REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY MECHANISMS RENEWABLE ENERGY REORGANIZATION REVENUE SHORTFALLS RIGHTS OF SHAREHOLDERS SERVICE PROVISION SHAREHOLDER SHAREHOLDER RIGHTS SHAREHOLDER VALUE SHAREHOLDERS STAKEHOLDERS STATE CONTROL STATE GOVERNMENT STATE POWER STATE UTILITIES STATE-OWNED COMPANIES STATE-OWNED ENTERPRISES STOCK MARKETS STOCK PRICE SUBSIDIARIES SUCCESSOR COMPANIES SUCCESSOR COMPANY SUCCESSOR ENTITIES TARIFF SETTING TRANSPARENCY UNION UTILITY EMPLOYEES UTILITY OPERATIONS WATER UTILITIES Pargal, Sheoli Mayer, Kristy Governance of Indian State Power Utilities : An Ongoing Journey
geographic_facet	South Asia India
relation	Directions in Development--Energy and Mining;
description	By the late 1990s, the technical and financial performance of the power sector in India had deteriorated to the point where the Government of India had to step in to bail out the state utilities, almost all of which were vertically integrated state electricity boards (SEBs). Considering that the dismal performance of state utilities reflected internal and external shortfalls in governance, the new Electricity Act of 2003 (EA 2003) mandated the unbundling and corporatization of the SEBs, along with the establishment of independent regulators. This was expected to bring about a more accountable and commercial performance culture, with concomitant results in improved utility performance. The rest of this review is organized as follows. Chapter two summarizes the institutional context and relevant developments over the past two decades. Chapter three focuses on the corporate governance agenda adopted by the government and its implementation, specifically relating to the structure and functioning of utility boards of directors. Chapter four reviews SERC regulatory governance. Chapter five analyzes the correlation between key indicators of the quality of regulatory and corporate governance and utility financial performance. And chapter six concludes.
format	Publications & Research :: Working Paper
author	Pargal, Sheoli Mayer, Kristy
author_facet	Pargal, Sheoli Mayer, Kristy
author_sort	Pargal, Sheoli
title	Governance of Indian State Power Utilities : An Ongoing Journey
title_short	Governance of Indian State Power Utilities : An Ongoing Journey
title_full	Governance of Indian State Power Utilities : An Ongoing Journey
title_fullStr	Governance of Indian State Power Utilities : An Ongoing Journey
title_full_unstemmed	Governance of Indian State Power Utilities : An Ongoing Journey
title_sort	governance of indian state power utilities : an ongoing journey
publisher	Washington, DC: World Bank Group
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/09/20268779/governance-indian-state-power-utilities-ongoing-journey http://hdl.handle.net/10986/20397
_version_	1764445313994588160
spelling	okr-10986-203972021-04-23T14:03:55Z Governance of Indian State Power Utilities : An Ongoing Journey Pargal, Sheoli Mayer, Kristy ACCOUNTABILITY ACQUISITIONS ADEQUATE TRANSPARENCY ANNUAL REVENUE REQUIREMENT APPROACH ARTICLES OF ASSOCIATION AUDIT COMMITTEE AUDIT COMMITTEES AVAILABILITY BALANCE BOARD MEETINGS BOARD MEMBER BOARD MEMBERS BOARD MEMBERSHIP BOARDS OF DIRECTORS BUREAUCRACY BUSINESS ETHICS CADRES CASH FLOWS CENTRAL GOVERNMENT CEO CEOS CHIEF EXECUTIVE COMMERCIAL ACCOUNTING COMMERCIAL ENTITIES COMMERCIAL RISKS COMMERCIALIZATION COMPANIES ACT COMPANY LAW CONFEDERATION CONSTITUTION CONSUMER INTERESTS CONSUMER PROTECTION CONTROLLING SHAREHOLDERS CORPORATE BODIES CORPORATE DECISION CORPORATE EXECUTIVES CORPORATE GOVERNANCE CORPORATE MALFEASANCE CORPORATE PERFORMANCE CORPORATE SOCIAL RESPONSIBILITY CORPORATION DECISION MAKING DECISION-MAKING DECISION-MAKING AUTHORITY DISCLOSURE DISTRIBUTION COMPANIES DISTRIBUTION COMPANY DISTRIBUTION FUNCTIONS DISTRIBUTION SYSTEMS EFFICIENCY OF SERVICE EFFICIENCY OF SERVICE DELIVERY ELECTRICITY ELECTRICITY REGULATOR ELECTRICITY SECTOR ELECTRICITY SUPPLY ELECTRICITY SYSTEM ELECTRICITY TARIFFS ELECTRICITY UTILITIES ELECTRIFICATION EMPLOYMENT ENERGY EFFICIENCY FINANCIAL AUTONOMY FINANCIAL EVALUATION FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FINANCIAL STATEMENTS FINANCIAL SUPPORT FIRM PERFORMANCE FRANCHISES GENERATION GOVERNANCE REQUIREMENTS GOVERNMENT APPROVAL GOVERNMENT DEPARTMENTS GOVERNMENT OFFICIALS GOVERNMENT POLICY GOVERNMENT PROGRAMS GOVERNMENT REPRESENTATIVES GOVERNMENT SUBSIDIES GOVERNMENT PERFORMANCE GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT DATA HOLDING COMPANIES HOLDING COMPANY HUMAN RESOURCE HUMAN RESOURCE POLICIES HUMAN RESOURCES HYDROPOWER HYDROPOWER GENERATION INCORPORATED INDEPENDENT AUDIT INDEPENDENT DIRECTOR INDEPENDENT DIRECTORS INDEPENDENT OVERSIGHT INDEPENDENT REGULATION INSTITUTIONAL STRUCTURE INVESTMENT DECISIONS JOINT VENTURE JOINT VENTURES LABOR UNIONS LEGISLATION LEGISLATURES LIMITED LTD. MANAGERIAL AUTONOMY MANAGERS METER READING MINISTRY OF FINANCE NETWORK INFRASTRUCTURE NETWORK PLANNING OPEN ACCESS OPEN COMPETITION OPERATIONAL EFFICIENCY OPERATIONAL PERFORMANCE PERFORMANCE INDICATORS PERFORMANCE OUTCOMES PERFORMANCE TARGETS POISON PILLS POLITICAL INTERFERENCE POLITICAL SENSITIVITY POLITICIANS POLLUTION POWER DISTRIBUTION POWER GENERATION POWER POLITICS POWER PROCUREMENT POWER SECTOR POWER SECTORS POWER SYSTEM PRIVATE COMPANY PRIVATE CORPORATION PRIVATE OWNERSHIP PRIVATE PARTICIPATION PRIVATE PARTNERSHIPS PRIVATE SECTOR PARTICIPATION PROFIT MAXIMIZATION PROXY PUBLIC ACCOUNTABILITY PUBLIC CORPORATIONS PUBLIC OWNERSHIP PUBLIC PARTICIPATION PUBLIC POLICY PUBLIC SECTOR PUBLIC SECTOR MODEL PUBLIC UTILITIES PUBLIC UTILITY PUBLIC WATER PUBLIC WATER UTILITIES QUALITY OF SERVICE REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY MECHANISMS RENEWABLE ENERGY REORGANIZATION REVENUE SHORTFALLS RIGHTS OF SHAREHOLDERS SERVICE PROVISION SHAREHOLDER SHAREHOLDER RIGHTS SHAREHOLDER VALUE SHAREHOLDERS STAKEHOLDERS STATE CONTROL STATE GOVERNMENT STATE POWER STATE UTILITIES STATE-OWNED COMPANIES STATE-OWNED ENTERPRISES STOCK MARKETS STOCK PRICE SUBSIDIARIES SUCCESSOR COMPANIES SUCCESSOR COMPANY SUCCESSOR ENTITIES TARIFF SETTING TRANSPARENCY UNION UTILITY EMPLOYEES UTILITY OPERATIONS WATER UTILITIES By the late 1990s, the technical and financial performance of the power sector in India had deteriorated to the point where the Government of India had to step in to bail out the state utilities, almost all of which were vertically integrated state electricity boards (SEBs). Considering that the dismal performance of state utilities reflected internal and external shortfalls in governance, the new Electricity Act of 2003 (EA 2003) mandated the unbundling and corporatization of the SEBs, along with the establishment of independent regulators. This was expected to bring about a more accountable and commercial performance culture, with concomitant results in improved utility performance. The rest of this review is organized as follows. Chapter two summarizes the institutional context and relevant developments over the past two decades. Chapter three focuses on the corporate governance agenda adopted by the government and its implementation, specifically relating to the structure and functioning of utility boards of directors. Chapter four reviews SERC regulatory governance. Chapter five analyzes the correlation between key indicators of the quality of regulatory and corporate governance and utility financial performance. And chapter six concludes. 2014-10-09T13:54:36Z 2014-10-09T13:54:36Z 2014-09-25 http://documents.worldbank.org/curated/en/2014/09/20268779/governance-indian-state-power-utilities-ongoing-journey 978-1-4648-0303-1 http://hdl.handle.net/10986/20397 English en_US Directions in Development--Energy and Mining; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC: World Bank Group Publications & Research :: Working Paper Publications & Research South Asia India

Governance of Indian State Power Utilities : An Ongoing Journey

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