The Electricity Act 03 has ushered in a new era of long overdue reforms in the Indian power sector. The enactment of this Act can be said to be a step towards initiation of various measures to change India’s status of suffering from a chronic power deficit to a power surplus state. The Act seeks to bring about a qualitative transformation of the electricity sector through a new paradigm; it seeks to create a liberal framework of development of the power sector by distancing government from regulation. The Electricity Act 2003 will lead the power sector from a single buyer model to multiple buyers, multi seller market structure. The Act will bring about deregulation in a phased manner in generation, transmission and distribution in the country

The provisions of the Act present new opportunities for growth for the group such as