Power

Growth of power sector in India since its Independence has been noteworthy making India the third largest producer of electricity in Asia. The power sector is the most important constituent of infrastructure. The performance of the power sector directly impacts the overall economy of the State. With the fuelling economic growth, industrial sector consumption is rising to match the household sector. This is an industry where natural hazards co-exist with more complex challenges like government policies, environmental liabilities etc. Also, the power companies have to gear up to face the challenges arising from deregulation, competition, technology changes and privatization. The major risk exposures of the power industry include.