[share_ebook] Outage: Investment Shortfalls in the Power Sector in Eastern Europe and Central Asia (Directions in Development)


Author: Ani Balabanyan, Danzel Hankinson, Edon Vrenezi, Lauren Pierce

Date: 2011-03-18

Pages: 120

Publisher: World Bank Publications

Category: Business


Posted on 2011-10-17, by sharebookfree.

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Outage: Investment Shortfalls in the Power Sector in Eastern Europe and Central Asia (Directions in Development)


Outage: Investment Shortfalls in the Power Sector in Eastern Europe and Central Asia (Directions in Development)
Ani Balabanyan, Danzel Hankinson, Edon Vrenezi, Lauren Pierce | World Bank Publications | 2011-03-18 | 120 pages | English | PDF

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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