The history of Indian power sector is abound with myths like those that envisioned the big projects as "temples of modern India" some fifty years ago, to the recent characterization of the sector as a "millstone" hindering economic development. The dynamics of the sector provides a classic case of the debate on the role of state versus that of the market in developing economies. Lately, economic realism has led to reforms for developing competitive electricity market. Under the changing dynamics, long-term policy needs to be based on some robust insights. In this talk, the speaker will present an analysis of Indian power sector under different scenarios that take into account the "success" of reforms, technology transfer regimes and local and global environmental concerns. Some insights will be offered vis-?-vis the well known debates on fossil energy options (coal versus gas), decentralization versus centralization, renewable and nuclear technologies, and the extent of linkage between local and global environmental policies. Discussion will also address the status of reforms and trends. P.R. Shukla is a Professor with the Public Systems Group at the Indian Institute of Management, Ahmedabad. He obtained Ph.D. from Stanford University in 1979. He has been a consultant to the Government of India and several national and international organizations. He is a leading expert on developing country policy, especially in the areas of energy, environment and technology. He is a lead author of several international reports of Intergovernmental Panel on Climate Change (IPCC) and United Nations Environment Program (UNEP). He is a co-author of eight books and numerous publications in reputed international journals and invited articles in books and proceedings.