Power Quality and Reliability is the key to successful delivery of quality product and uninterrupted operation of an industry, be it conventional or service sector. It is now even more critical to the industry, pursuing Energy Efficiency (EE) because of the increasing application of electronic loads and digital controllers which are sensitive to the quality of power supplied. These can have serious economic consequences and cost business millions of rupees each year in revenue loss, process improvements, opportunity loss, equipment failure, electrical hazards like fire and scrapped product. Any such incident reflects adversely in specific energy consumption (SEC) by an industry. There is a dire need for all concerned to deliberate and act on the vital issue of power quality and the latest technologies for mitigation and improvement of energy utilisation efficiency and reliability.