The report ‘Risk-Informed Governance and Policy Development’ reflects the need to imbibe strong institutional governance, augmented capacity building and financing for disaster resilience in the power sector. It explores the institutional landscape and policy frameworks required for disaster management in Odisha's power sector. It maps the involvement of central and state-level stakeholders in disaster preparedness, response, and recovery efforts. It advocates for integrating climate-risk data, updating regulations, and adopting risk-informed governance to safeguard critical power infrastructure against natural hazards. The report further recommends and provides a way forward to build a comprehensive post-disaster need assessment (PDNA) strategy and enhance the techno-regulatory capacity building of Odisha's power infrastructure. It additionally identifies the various gaps and provides plausible interventions to strengthen the resilience in both structural and non-structural aspects of the power sector in the state.