Indian UMPP dream turned sour: A case study based discussion

India has experienced a peak power deficit of more than 12% in the last decade. In order to reduce the deficit, policymakers initiated a new energy planning policy through the introduction of Ultra Mega Power Projects (UMPP). However, since the introduction of UMPP Policy in 2006, a number of instances have exhibited the limitations in its implementation and its inability to adapt to changes in the external factors. These limitations have ranged from a change in the bidding guidelines post awarding of project; to external threats such as regulatory changes in a foreign country. This paper attempts to draw learning from issues in the implementation of UMPP policy through short case discussions. The authors subsequently illustrate the issues faced during implementation and actions taken by the Government; and suggest possible measures to resolve these issues.