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The document examines the evolution of India's power sector, highlighting the transition from state-run electricity boards (SEBs) to a restructured model involving independent power producers (IPPs) and privatization. It details the 'Orissa Model' promoted by the World Bank, the failures of the 1991 IPP policy, and the subsequent scaling of restructuring to other states like Andhra Pradesh. The authors argue that political expediency and financial crises often overrode social and environmental goals, leading to institutional 'lock-ins' such as agricultural subsidies and expensive long-term power purchase agreements.