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India is the third largest electricity generator in the world after China and USA. India has already committed to its Nationally Determined Contributions submitted to the United Nations Framework Convention on Climate Change for the period 2021–2030, which inter alia, includes a commitment, to achieve about 40% cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030 with the help of technology transfer and low-cost international finance. However, India’s power sector is facing several major challenges as it makes a transition to a more environment-friendly energy mix. Since electricity is a concurrent subject as per the Constitution of India, there is an urgent need to create an empowered National Electricity Council (NEC) with pooled sovereignty to realize the goal – ‘One Nation-One Grid-One Price’. The proposed NEC will facilitate the evolution of a vibrant and self-sustaining power sector in India in a timely manner.

Keywords

Coal Power Plants, Electricity (Amendment) Bill, Energy and Environment, Optimal Energy Mix, Stressed Assets.
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