Dr Pradeep Perera, Head of Energy Sector Operations for India, Asian Development Bank
India is the largest electricity market in the world after China and USA. However, Indian power sector has been struggling with inadequate generation capacity, unreliable and poor quality of electricity supply and inadequate access to electricity to rural consumers. Some of these long standing problems of Indian power sector have their roots in complex political economy of the country. The presentation would cover the following topics.
• Power market structure in India in terms of wholesale electricity market, spot market etc.
• Current status of Indian Power Sector in terms of (i) generation capacity adequacy to meet the demand (ii) renewable penetration and (iii) access to energy
• Recent government initiatives in power sector (i) Commitment to have 175 GW of Renewable energy capacity (ii) 100% household access to electricity and (iii) conversion of water pumping for irrigation to solar energy.
• Implication of above initiatives to overall financial viability of the power sector and cost recovery.
• Related issue is affordability of electricity especially for rural poor who were recently connected and willingness to pay for electricity.
• Political economy and public finance issues related to electricity sector in terms of fiscal affordability and sustainability of current regime of continuous fiscal subsidies, cash shortage in the sector, poor quality of supply, delayed payment to generators and financiers.
Dr Pradeep Perera is an experienced electricity sector expert with extensive experience in dealing with complex political economy and public finance associated with electricity supply in developing countries. He has been with the World Bank group for 4 years and with Asian Development Bank for over 16 years. He had previous work experience in structuring financing for electricity sector investments in China, Viet Nam, Lao PDR and Sri Lanka. Currently Dr. Pradeep Perera is heading Asian Development Bank's energy sector operations in India which amount to financing of over Australian $ 1.5 - $ 2.0 billion per annum. Dr. Perera has PhD degree from Imperial College London, UK in Power System Economics and bachelor's degree from University of Moratuwa Sri Lanka.
RSVP on or before Monday 2 September 2019 , by email firstname.lastname@example.org, or by phone 07 3735 4705