The World Bank's Role in the Electric Power Sector

Author:

Publisher: World Bank Publications

ISBN: 0821323180

Category: Electric utilities

Page: 84

View: 793

The World Bank is changing the way it does business in the energy sector. This Policy Paper is one of two that outlines the Bank's new policies for the sector. The review was prompted by concern about the effects of power generation on the environment and on populations that may be resettled to make way for projects. Another stimulus was the macroeceonomic reality of fewer investment resources in many countries. And many developing countries are becoming more receptive to reforming the way energy is produced and consumed. This paper credits the "public monopoly" approach of the last 30 years with facilitating expansion of power supplies, capturing technical economies of scale, and making effective use of scarce managerial and technical skills. Nonetheless, it recommends several new policies to improve the performance of the electric power sector in developing countries. These reforms will guide future Bank activities in the sector. Bank loans for electric power will go first to countries clearly committed to improving the performance of their power sectors. The Bank will also discourage subsidies on energy prices and will encourage private investment in utilities. And it will provide financing to help the least developed countries import power where local generation is not practical. The efficiency of production and use of electric power in developing countries is examined in a companion paper, Energy Efficiency and Conservation in the Developing World: The World Banks Role . The World Bank's Role in the Electric Power Sector is also available in Spanish: La funcion del Banco Mundial en el sector de la electricidad. Politicas para efectuar una reforma institucional, regulatoria, y financieria eficaz. (ISBN 0-8213-2451-9) / Stock No. 12451 / $7.95 / Price code 007 / Spanis
Korean Industrial Policy

Author: Danny M. Leipziger

Publisher: World Bank Publications

ISBN: UCSD:31822015337173

Category: Business & Economics

Page: 41

View: 693

The World Bank is changing the way it does business in the energy sector. This Policy Paper is one of two that outlines the Bank's new policies for the sector. The review was prompted by concern about the effects of power generation on the environment and on populations that may be resettled to make way for projects. Another stimulus was the macroeceonomic reality of fewer investment resources in many countries. And many developing countries are becoming more receptive to reforming the way energy is produced and consumed. This paper credits the public monopoly approach of the last 30 years with facilitating expansion of power supplies, capturing technical economies of scale, and making effective use of scarce managerial and technical skills. Nonetheless, it recommends several new policies to improve the performance of the electric power sector in developing countries. These reforms will guide future Bank activities in the sector. Bank loans for electric power will go first to countries clearly committed to improving the performance of their power sectors. The Bank will also discourage subsidies on energy prices and will encourage private investment in utilities. And it will provide financing to help the least developed countries import power where local generation is not practical. The efficiency of production and use of electric power in developing countries is examined in a companion paper, Energy Efficiency and Conservation in the Developing World: The World Bank�s Role . The World Bank's Role in the Electric Power Sector is also available in Spanish: La funcion del Banco Mundial en el sector de la electricidad. Politicas para efectuar una reforma institucional, regulatoria, y financieria eficaz. (ISBN 0-8213-2451-9) / Stock No. 12451 / $7.95 / Price code 007 / Spanis
Global Environmental Change and Innovation in International Law

Author: Neil Craik

Publisher: Cambridge University Press

ISBN: 9781108530316

Category: Law

Page:

View: 670

The challenges to global order posed by rapid environmental change are increasingly recognized as defining features of our time. In this groundbreaking work, the concept of innovation is deployed to explore normative and institutional responses in international law to such environmental change by addressing two fundamental themes: first, whether law can foresee, prevent, and adapt to environmental transformations; and second, whether international legal responses to social, economic, and technological innovation can appropriately reflect the evolving needs of contemporary societies at national and international scales. Using a range of case studies, the contributions to this collection track innovation - descriptively, normatively, and as a process in and of itself - to explain international environmental law's functionality in the Anthropocene. This book should be read by anyone interested in the critical intersection of environmental and international law.
Infrastructure Regulation

Author: Darryl S. L. Jarvis

Publisher: World Scientific

ISBN: 9789814335737

Category: Political Science

Page: 599

View: 786

Regulation of public infrastructure has been a topic of interest for more than a century. Yet, little is known about what works and why, when it comes to infrastructure regulation. This book intends to contribute to the understanding of infrastructure regulations by analyzing empirical cases in telecommunications, electricity and water, with examples drawn from a number of countries in Asia and beyond. The book addresses the following questions: Does regulation work? What kind of regulation works? What kinds don't work? Why do some forms of regulation work and not others? How do we know whether they work or not? How do we isolate the effects of different political, economic and legal contexts? Are there systematic differences across infrastructure sectors that necessitate particular regulatory design? It brings together distinguished scholars and practitioners who are experts in the area to address essential issues in regulation through conceptual and empirical studies.
Transformative Organizations

Author: Vipin Gupta

Publisher: SAGE Publications India

ISBN: 9780761998204

Category: Business & Economics

Page: 532

View: 434

This comprehensive volume on the transformational organization and change management in the Asian and trans-Asian context draws on international contributors to discuss regional differences in the nature and meaning of organizations; leadership; emerging and industrialized markets; and transformative intiatives across and range of enterprises.
The Nigerian Electric Power Sector

Author: Ayodele Oni

Publisher: AuthorHouse

ISBN: 9781481775991

Category: Business & Economics

Page: 323

View: 487

Hitherto, industry participants and professionals have had to navigate the emerging and complex Nigerian electricity supply industry (the “power sector”) without materials or texts that adequately and comprehensively address the history and policy issues, as well as the legal and regulatory frameworks of the industry. In particular, before this book, there was no book written from a practical and hands-on perspective on the key issues connected with the Nigerian power sector or Nigerian power projects generally; neither was there a book that provided good and practical insights on matters related to the negotiation of power sector transaction documents in Nigeria. The few available texts covered only limited aspects of the power sector as none covered multiple key issues. This 400 page book consisting of 10 chapters, attempts to fill the lacuna. It reviews the general legal and regulatory regime of the power sector. It also takes a comprehensive look at the power sector from a historical dimension and looks at where Nigeria is, in terms of the legal and regulatory regime, and the direction in which the country may be headed. Of particular interest to power sector professionals and other persons who negotiate contracts in the power sector or contracts related to the development of power projects, is the chapter which serves as a guide on negotiating key power sector contracts, such as Power Purchase Agreements, Gas Supply Agreements and Engineering, Procurement and Construction Contracts. Noteworthy, is the fact that the book contains contributions from internationally recognized energy law and policy experts like Stella Duru of Banwo & Ighodalo, Jason Kerr of White & Case, Arun Velusami of Norton Rose and Akshai Fofaria of Pinsent Masons. Further, the book considers other issues in the power sector, such as the Partial Risk Guarantee, which backstops the Federal Government of Nigeria’s payment obligations to power generation companies; and pricing issues.
Powering China:Reforming the Electric Power Industry in China

Author: Xu Yi-chong

Publisher: Routledge

ISBN: 9781351731935

Category: Social Science

Page: 314

View: 500

This title was first published in 2002: This study of the Chinese electric power industry examines the ownership and the restructuring of the industry. The reform of the electric power industry is also seen as part of the wider economic development that has been taking place in China, thus providing fresh perspectives on the changes taking place in both the economy and society more generally. Presenting a wealth of extensive research on the subject, the book elucidates the power struggle between political and bureaucratic elite and explains the sensitive and volatile relationship between the central and provincial government against an increasingly complex global background.
Power Sector Reform in SubSaharan Africa

Author: J. Turkson

Publisher: Springer

ISBN: 9780230524552

Category: Business & Economics

Page: 222

View: 519

As part of the wave of liberalisation sweeping most parts of the world, power sectors around the globe are coming under intense scrutiny, with some being restructured. This book presents six-country-case studies to examine the process and implementation experiences of power sector reform in Subsaharan Africa.
Beyond Crisis

Author: Mani Khurana

Publisher: World Bank Publications

ISBN: 9781464803932

Category: Business & Economics

Page: 148

View: 915

In September 2012, the Government of India approved a financial rescue scheme to revive the power generation sector. This bailout amounted to about Rs 1.9 trillion and came in response to banks and financial institutions with large nonperforming loans to the power sector. This is the second bailout of the sector in a decade. The first was in 2002 when the government had to convert the outstanding arrears of state electricity boards to central public sector undertakings. The 2002 bailout came to Rs 400 billion in state government bonds to restore the sector to financial solvency. The recent crisis and consequent bailout is more complicated than the 2002 bailout. Power sector developments in the past two decades have brought new players into a traditionally government-dominated sector, and they have also been implicated in the crisis. India has adopted transformative policy changes since the last bailout. A landmark Electricity Act was passed in 2003, superseding all previous legislation. The strategic intent of the act was to promote competition by opening all possible avenues for the procurement and sale of electric power. Subsidiary policies and enabling legislation have advanced this process. Competitive markets have evolved and attracted new investments, largely from the private sector. The institutional structure of the traditionally public sector-dominated industry has also been transformed. Aside from the entry of new private sector participants, primarily in generation, the state electricity boards (SEBs) were unbundled into generation, transmission, distribution, and, in a few cases, trading segments. State electricity regulatory commissions (SERCs) were also established in all the states. Over the next two decades, India faces immense challenges if it is to sustain the 8 to 10 percent growth rate required to end poverty and achieve human development goals. According to the Planning Commission, India needs to triple or quadruple its primary energy supply and increase its installed electricity capacity by at least five or six times its 2004 levels to meet demand in 2032. To accomplish these ambitious goals, India will need a commercially viable power sector. This report presents a diagnostic of the financial and operational performance of segments in the power sector value chain between adoption of the Electricity Act, 2003, and 2011, including the factors that contributed to the recent crisis. The report focuses on efficiency and productivity, whether performance has improved over time, and which states have emerged as performance leaders. Analysis of this kind is not new or unique, but this report aims to integrate historical performance, the current situation, and future projections of the impact of worsening sector finances, and the actions that need to be taken to check the downturn.
Regional Workshop on Solar Power Generation Using Photovoltaic Technology

Author:

Publisher: DIANE Publishing

ISBN: 9780788182648

Category:

Page: 402

View: 764

Proceedings of a workshop held by the Asian Development Bank in Manila, Philippines, Feb. 20-23, 1996 to assess the current state of solar photovoltaic (PV) technology and its feasibility for power generation in the next 10-15 years. The study also reviewed the role of bilateral agencies, multilateral institutions such as the Bank and the World Bank, national governments, public utilities, development finance institutions in DMCs, and manufacturing and trading firms in disseminating PV technology to consumers. Panel themes include: international solar initiatives; technology; institutions; and financing. Charts and tables.
Donor Coordination of Economic Assistance to Eastern Europe

Author: Gerrit Stratmann

Publisher: LIT Verlag Münster

ISBN: 3825845508

Category: Political Science

Page: 255

View: 459

A major restriction to Western aid efforts has been a lack of coordination. This book delves into the determinants of successful cooperation between bi- and multilateral donor agencies at the example of Western aid to Eastern Europe in the period from 1990 to 1996. In raising the assumption that networking between international organizations cannot be stimulated by appealing to norm-oriented behavior but is contingent upon the existence of common interests, the idealist view of international relations is seriously challenged. Comparing different assistance sectors - energy, telecoms, mass privatization, agriculture, statistics, central banking, environment and education - it is shown that donor coordination is a form of collective action initiated by donors in response to sectoral market failure which is perceived as significant because it threatens the non-attainment of basic goals or inflicts own projects with high costs or risks.