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Table 2-5: Electricity generation target/achievement (2011-12) (Utilities only)Hydro Thermal Nuclear Imported* TotalTarget(Million units) 112,050.00 712,234.00 25,130.00 5,586.00 855,000.00Achievement (up to 31.03.12)(Million units) 130,511.50 708,805.94 32,286.56 5,284.51 876,888.48Percentage 116.48 99.52 128.48 94.60 102.56Note: * From BhutanSource: Central Electricity Authority, May 2012The captive generation capacity in industries having demand of 1 MW and above, gridinteractive (non-utilities) as on 31.03.2012 was 31,516.87 MW, while the total installedgeneration capacity in the country was 231393.90 MW.Electricity generation in the year 2011-12 (provisional up to 31 March 2012) was 876.88billion units as given in Table 2-5. The All India annual per capita consumption ofelectricity during the year 2010-11 was 813.3 kWh.It may be mentioned that currently, none of the coal-based thermal plants in India is ofsupercritical category.B. FDI into the power sectorAutomatic approval (Reserve Bank of India Rule) for 100 per cent foreign equity ispermitted in generation, transmission and distribution and trading in the power sectorwithout any upper sealing on the quantum of investment.The power sector was the first to be liberalized, allowing FDI in power generation sincethe mid-1990s. FDI inflow, however, picked up only during 2008-09 (US$985 million),2009-10 (US$1,437 million) and 2010-11 (US$1,252 million), taking the cumulativetotal since April 2000 to US$5,900 million.C. Regulatory environmentThe Central Electricity Regulatory Commission (CERC) is an independent statutorybody with quasi-judicial powers. It was constituted on 25 July 1998 under the ElectricityRegulatory Commission Act, 1998 and has been continued under Electricity Act, 2003.The regulatory functions of CERC include:• Tariff regulation;• Regulation of inter-state transmission of electricity;• Granting licence for inter-state transmission and inter-state trading in electricity;• Adjudication of disputes;• Specifying grid code;• Specifying and enforcing the standards with respect to quality, continuity andreliability of service by licensees; and61