Outage: Investment shortfalls in the power sector in Eastern Europe and Central Asia

Nonfiction, Social & Cultural Studies, Social Science, Sociology
Cover of the book Outage: Investment shortfalls in the power sector in Eastern Europe and Central Asia by Balabanyan Ani; Vrenezi Edon; Pierce Lauren; Hankinson Danzel, World Bank
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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.
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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.

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