PSR India

PSR India is rated 3 out of 5 in the category oil & energy. Read and write reviews about PSR India. Power Sector Reforms (PSR) programme is a technical assistance programme to support structural reforms in the Indian power sector at central and state level. KPMG is the lead implementing partner of this programme. The context of programme is the need for changing gears on the reform initiatives in power sector. It has been more than a decade since the Electricity Act-2003 came into existence. In this period several sector reforms have been initiated. Competitive markets have been ushered in, generation capacity has been added on unprecedented scale, shortages have reduced, and initiatives to ensure sustainability of the sector have been promoted in good measure. Yet, the power sector needs a turn around, especially at the distribution end, largely in control with state. Even as governments, distribution companies and regulatory bodies grapple with financial turnaround challenges, there are profound changes in the demand patterns, supply side variations and overall costs. Renewable energy is fast coming to age, being promising and difficult at the same time. The whole spectrum presents a very complex and often confounding set of choices to make. The PSR programme therefore aims to support the Indian Government’s existing and proposed plans for power sector reforms. The programme aims to achieve transformational objectives i.e. to deliver those outputs which are different/additional to what has been delivered before by others. In addition, it aims to achieve greater impact beyond the limits of the programme, through embedding strategic change, demonstrating effect and replicability, and leveraging additional support or investment.