Productivity Assessment of Coal-Fired Thermal Power Plants: An Application of Hicks-Moorsteen Total Factor Productivity Index

Abstract

In this paper, both technical and technological efficiency of Indian coal-fired power plants is studied using Hicks-Moorsteen Total Factor Productivity Index. Out of seventy-four, six power plants, i.e., Chandrapura, Dahanu, Korba-west, Ramagundem–B, Rayalaseema and Talcher, have achieved positive growth in all the indexes of productivity. 43.24% of power plants saw the average TFP growth of 20.2% while remaining observed a negative average change of -14.9%. Further, the outcome of this study shows that central-owned power generation plants have outperformed in all the efficiency indexes as compared to private and state-owned power plants