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Electricity Reforms in India: Firm Choices and Emerging Generation Markets

India's electricity reforms, beginning in early 1990's, have altered the ownership profile of generation firms. Changing behavior of a firm manifests in choices of fuel, technology and operational practices, which profoundly impact firms' performance. The Indian constitution accords concurrent jurisdiction on electricity matters to states and the center. Besides, energy resources and market dynamics vary geographically. The electricity comparisons are therefore best revealed at the state level.

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