Suchergebnisse

The past two decades have witnessed huge changes in the electricity sector. The changes in this sector at a rapid pace world over have resulted in competition in some segments of the sector, such as, generation and in some cases in distribution. India is no exception to the reforms that are being undertaken. The provisions of Open Access, power trading, competitive bidding, mentioned in the Electricity Act of 2003 are expected to give a spurt to competition. The favourable impact of all these factors includes wide choice of electricity suppliers for consumers and electricity at cheaper rates, which is in fact one of the cherished goals of reforms in the sector. However, it is not necessary that competitive markets would produce competitive results. There could be significant distortions in the form of anti-competitive behaviour, which would get manifested in the form of collusions, abuse of dominant position, etc. Experiences of some countries reveal that anti-competitive behaviour of various players in the power sector is not very uncommon. In India also there are controversies regarding the provision of Open Access, which are pointer towards an anti-competitive conduct. There are also apprehensions regarding abuse of dominant position by some companies. The primary objective of this article is to examine whether NTPC Ltd., which is the largest power generating company in India, has a dominant position in the power sector. The article also discusses the possible ways in which a dominant power-generating company could abuse its position. The study is conceptual in nature and draws heavily from the secondary sources of information. The study uses two tools: Herfindahl–Hirschman Index (HHI) and Residual Supply Index (RSI).

Public–private Partnership in power sector is another significant development in the domain of power sector reforms. The Ultra Mega Power Projects which are based on Public–Private Partnership, are perceived as harbingers of change in the power sector. This article focuses on the study of Ultra Mega Power Projects, with special reference to Sasan and Mundra projects which are the first two Ultra Mega Power Projects that have achieved financial closure. The article is conceptual and uses secondary source of information. The article makes a critical evaluation of Ultra Mega Power Projects. In the process, the article dwells at length on the factors that contribute to the cost-effective power generation by these projects. It also examines the factors that favour the growth of these projects. The article also examines the emerging issues and challenges related to these projects that need due attention. JEL Classification: L-94

Considering the events that had taken place in the corporate's across the world in the form of corporate scandals and the behavior's of the B-students of the Bschool students, it calls for immediate attention of the researchers, academicians and other societal players to focus on the concepts of Business ethics and convergence of Business Ethics with Corporate Governance. Hence, this paper attempts to throw some reflections on the issue of convergence of Business Ethics with the Corporate Governance.