As per the latest key world energy statistics published by the IEA in 2019, India is the 3rd largest producer of electricity in the world and it ranks 106th in terms of per capita consumption in 2017.
Stating this in a written reply in the Lok Sabha R K Singh, Power Minister stated that reforms in power sector are a continuous process due to changes in the situation. India has become power surplus from power deficit situation. Thus, power sector reforms now focus on supply of 24×7 quality power to consumers, higher standards of service, promotion of renewable energy sources, development of hydro power, improving efficiency, especially in distribution sector, etc. Reforms linked distribution schemes and changes in tariff policy are some of the measures under consideration in this regard.
He further stated that generation from hydro power projects mainly depends on the availability of water. Power generation from hydro sources has registered a compound annual growth rate of 3.3 per cent from 0.121 BU in 2015-16 to 0.134 BU in 2018-19.Hydro power generation has not been lowered down as part of any policy.