the challenges of an inter dependent world

The Regulators & Policymakers Retreat 2012

The Grand Hyatt, Goa

23-26 August 2012 Harry Dhaul Director General, IPPAI

The challenges of an inter dependent world

Harry Dhaul - Director General, IPPAI

Investors from Developed countries

look at emerging economies for a

better return on capital – the profit

motive

Emerging economies require the capital

for investment in core sectors for

sustainable development

Global capital is looking for higher returns

Source: OECD, May 2011


Can profit be the sole criteria for:

Sustainability of long term investments in emerging economies

Sustainable development of the emerging economies

(Sustainable) Development towards what?

Profit versus Sustainable Development

Inclusive profit: not at the expense of the environment or some one else’s livelihood


The market does not always work in the consumer interest

global financial meltdown

2 G issues

The Market may not provide a level playing field

In emerging economies, people without the means cannot participate in the market.


Markets driven by ‘making money at all costs’ make a profit by including the well-off and excluding the others.

Source: Sanhati.com

Weaker sections of society may get left behind


Corruption

Simmering social tensions that erupt in violence

Collapse of Governance

Sustainability versus survival

Creating markets solely for profit at the cost of the poor is not sustainable. It may lead to:

Flawed Developmental Model:

Attempting to bring more and more people into the market

irrespective of cultural, historical or social values


The growing disconnect between the haves and the have-nots can create societal problems as symbolised by the elephant in the market place


India: Facts & Figures

Current Population:

1.21 billion Literacy Rate:

74 % Unemployment Rate:

9.4 % Internet User Base:

46 %

How do we unshackle the potential of 1.21 billion Indians?


Profits with a social conscience that ensure:

Inclusive growth

Protection of the environment

Effective regulation: striking a balance with

respect to public good vs private profit

Policies that incentivise private players in sharing a part of their profits to

set up and run:

• Hospitals

• Schools and Vocational Training Centers

• Drinking water and sanitation projects

Possible Solutions


Ensuring sustainable development of the power sector which ensures

cascading benefits in terms of development of:

Health and education

(internet based education)

Agriculture

(irrigation, cold storage)

Industry and a sophisticated

services sector

Growth in employment opportunities

Social benefits from development of the power sector


Turning the Power Sector

Around:

The Role of Government,

Regulators and the Private

Sector

Themes of the Retreat: Day 1


IPPAI Power Awards - IPPAI has instituted a non-

partisan awards program to recognize the contribution

of individuals, organizations, Indian States, SERCs who

have significantly contributed to the development of

the power sector

The CEOs Roundtable - To examine in detail some of

the critical issues that are inflicting the Power Sector in

India. Focus: solutions and the way forward.



Master Class on Energy

Implications of the recent letter from the Ministry of

Power on Operationalisation of Open Access dated 30

Nov 2011

Uncertainty and Volatility of Coal & Gas Prices: Impact

on the Power Sector Source: Garnaut Review, Australia

Issues in Renewable Energy



Challenges of an inward looking world

Can we actually integrate the two Indias?

Have we relegated Parliament to disruption

rather than discourse?

Is Activism in India a boon or a curse?

Is Democracy a convenient crutch for

regression?

In this inter-dependent world, are we

creating a uniform world order for people to live in and behave?

No full stops in being an Indian



Master Class on Energy

Competitive bidding in the Power Sector: Is it working or not?

How to attract fresh investments in the Power Sector:

Perceptions Vs. Reality

Transnational Trade of Electricity

Renewable Energy Opportunities in North East



Master Class on Ethical

Business Practices

Challenges of Doing Business

in India – Corruption, Efficiency

and the way forward for the

Private Sector

Government’s discomfort in

dealing with the private sector



Elephant in the Market place

The Craft of Consumerism

Are we politicizing our

Natural Resources?

Does the Media have a

pernicious influence in India



In an inter-dependent world, are we going

to have a single currency?

Art & Aesthetics as an integral part of life

and inspiration



Galvanising fresh investments in Oil & Gas from well

head to burner tip: The Role of the Government,

Regulator, Public Sector & Private Sector

Can IT revolutionize electricity distribution?

Do smarter grids need more regulatory and policy

support?

Challenges in the Hydro sector


Why does the West see India as Chaotic? Is it really?


Master Class on Security

Overview on India’s threats and options

The problems of inner circle cities:

Ghettos becoming breeding grounds for

terrorists

Increasing risk to Indian Infrastructure

Cyber Attacks on Grids

Need for Training for Emergency

Response




Do we have the perseverance and imagination to innovate?


Let the deliberations begin…

Picture credits:

•IPPAI Archives

•Munkschool.utoronto.ca

•Cartoonstock.com

• Co.cal.md.us

•Geojitbnpparibas

•Sleepreviewmag.com

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