Outage: Investment shortfalls in the power sector in Eastern Europe and Central Asia
Nonfiction, Social & Cultural Studies, Social Science, Sociology
| Author: | Balabanyan Ani; Vrenezi Edon; Pierce Lauren; Hankinson Danzel | ISBN: | 9780821387399 |
| Publisher: | World Bank | Publication: | March 22, 2011 |
| Imprint: | Language: | English |
| Author: | Balabanyan Ani; Vrenezi Edon; Pierce Lauren; Hankinson Danzel |
| ISBN: | 9780821387399 |
| Publisher: | World Bank |
| Publication: | March 22, 2011 |
| Imprint: | |
| Language: | English |
This study analyzes the impacts of the financial crisis on power sectors in five countries in the region: Armenia Kyrgyz Republic Romania Serbia and Ukraine. Before the financial crisis these countries faced expected power shortages as a result of large investment gaps. With the financial crisis GDP dropped leading to a drop in demand for electricity. The drop in demand created a window of opportunity for meeting investment needs but the crisis has limited the sources of financing available to the sector. In the post-crisis period the study concludes that policymakers need to prioritize public spending and create a legal and regulatory environment more conducive to private investment.
This study analyzes the impacts of the financial crisis on power sectors in five countries in the region: Armenia Kyrgyz Republic Romania Serbia and Ukraine. Before the financial crisis these countries faced expected power shortages as a result of large investment gaps. With the financial crisis GDP dropped leading to a drop in demand for electricity. The drop in demand created a window of opportunity for meeting investment needs but the crisis has limited the sources of financing available to the sector. In the post-crisis period the study concludes that policymakers need to prioritize public spending and create a legal and regulatory environment more conducive to private investment.
