Impact of reform and privatisation on shareholders with special reference to power sector reform in Orissa

Orissa is the first state in India which has undergone the power sector reform. The government has withdrawn its control on this sector. The model of reform is known as World Bank (WB)-Orissa model. The purpose of this paper is to examine the impact of reform on shareholders of power sector. The effect of reform on shareholders of the power sector has been studied with the help of focus group study and survey methodology. Variables/constructs are the parameters in which the shareholders are interested. The impact of reform has been found to be a mixed one; where most of the shareholders have been benefited; however a few have not benefited.