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Synopsis Infrastructure development is a key to economic development. It is widely recognized that there is a positive nexus between infrastructure development and economic growth. The infrastructure sector covers various services such as transportation, communications and power. The inadequate infrastructure in our country has been constraining the growth performance of the economy. For adequate infrastructure growth, the Central and State governments in India have allowed private sector participation in the infrastructure sector, both domestic and foreign. Power is the most important ingredient of the infrastructure sector and a critical input for the economic development of a country. Therefore, major initiatives are being taken by both the Central and State governments for the development of the power sector reforms. The Electricity Acat-2003 is a major initiative in this direction. The book is useful for students, resear5chers, economists and policy makers.