Contents INTRODUCTION; THE CREATION OF A MAJOR INFRASTRUCTURE PROJECT - AN OVERVIEW; Stages of Development; Gestation; Development Stage; Construction & Start-up; Operation & Maintenance; Termination Who are the parties involved? Project Sponsors; Lenders; Investors; Project Vehicle; Contractors; Government; Consumers; Forms of Private Participation; Build Own Operate (BOO); Build Operate Transfer (BOT); Build and Transfer (BT); Build Lease Transfer (B l T); Build Transfer Operate (BTO); Contract Add and Operate (CAO); Develop Operate and Transfer (DOT); Rehabilitate Operate and Transfer (ROT); Rehabilitate Own and Operate (ROO); Lease Renovate Operate and Transfer (lROT); Project Finance; Sources of Finance; Finance Structure; The Legal Regime Surrounding Power Generation; General Constitutional Issues; General legal Framework in the Energy Sector; Governing Bodies; Regulatory Authorities; Monitoring Agencies; Authorities Responsible for the Operational Dimensions of the Electricity System; Advisory Bodies; State Electricity Boards (SEBs); Private Participation in Energy; Utility Developers; Generating Companies; Captive Generating Plants; Licensing System; Tariffs; CASE STUDY - ARUNACHAL PRADESH; Practical Challenges; Power Transmission; Corruption; Legal Challenges; CONCLUSION; BIBLIOGRAPHY