Significant coordination between policymakers, investors and consumers to drive successful transformation of the power sector: PWC

Kolkata: Shifting generation mix, increasing focus on sustainability and advancement in technological interventions driving operational efficiency in the power sector will require significant coordination between policymakers, investors and consumers to drive successful transformation of the sector, PWC said in a paper released on Friday.

Indian power sector: Key imperatives for transformation, suggests interventions need to be planned, designed and implemented by factoring in the requirement for new policies and regulations, reform measures, process and technology dimensions, people capabilities, and customer requirements.

The paper dealt with three challenges inhibiting sector transformation and has presented suggestions to address them. In the coal-fired power generation sector, PWC has suggested retirement of older coal assets in a time-bound manner to avoid supply & demand mismatch.