Indian UMPP dream turned sour: A case study based discussion

► Foresighted, flexible and transparent policies are key for infrastructure projects. ► UMPPs are effective energy planning tools ensuring suitable risk distribution. ► Stringent yet flexible provisions on changes in shareholding required post award. ► Disallowing change in bid guidelines after bid award necessary to tackle corruption. ► Framework of “Lead Procurer” required to speedily address arbitration in UMPP.