India is one of the largest in the terms of population. Thus, the demand for power is extremely high. This factor has triggered the rise of several types of power agencies to fulfill the requirement. In general, the power department of the country falls directly under the Ministry of Power India. The name of the ministry was Ministry of Energy in earlier times. Ministry of Power covers the entire sector of power. The huge variety of the climatic conditions of the country has forced the country to depend on various sources of power. All these types fall directly under the power department. The sub divisions are organized in such a manner, that they are able to interchange among themselves to be able to meet the exact requirement.
However, the hard side of the entire affair is the fact that, the power department of India has not been able to meet the entire requirement till date. This factor has forced the government to look at various other sources of power as well. Mainly the thermal power is the major source of power of India. Other than the thermal source, India is able to generate hydro electric power, wind power, solar power and several other non conventional power sources. The power source to use completely depends on the region in question. The general landscape of the region would dictate the power source in a huge way. The largest source o power in the country is the thermal energy and thus, coal department happens to be a very important department in more ways than one.
The entire sector completely depends of the availability of coal and the price tag attached. The central electricity authority is the major coordinating body for the ministry of power. The companies tagged within this bracket are mostly government organizations. However, there are certain private power companies as well. Along with the central electricity authority, there are several other organizations which must be named in this regard. The National Hydro Electric Corporation (NHEC), National Thermal Power Corporation (NTPC), Nuclear Power Corporation of India Limited, Power Finance Corporation of India (PFCI), North Eastern Electric Power Corporation (NEEPC), Damodar Valley Corporation (DVC), Rural Electrification Corporation (REC), Bhakra Beas Management Board (BBMB), Satluj Jal Vidyut Nigam (SJVN), Power Grid Corporation of India Ltd (Power Grid India), Tehri Hydro Development Corporation (THDC), Bureau of Energy Efficiency (BEE) and Power Trading Corporation (PTC) are some of the organizations which would fall in this bracket. All these combined fall under the ministry of power India.
It is a massive department and the entire development of the country depends a lot on this department. Mainly, the funds and the finances are provided by the government of India. However, there are certain private companies like Reliance power, which have been able to hit the market. Finances are also obtained from the World Bank and other financial sources. Mainly, the Power Finance Corporation ltd India is responsible for all the finances.
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